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Portofino Technologies dreams big for 2025 🚀
The Swiss firm Portofino Technologies plans to expand worldwide before the end of 2025. Its CEO Leonard Lancia mentioned this in a talk with CoinDesk.
New York and Singapore are in the spotlight 🌍. It seems they want to make an international mark. They are already operating under regulations in the UK, Switzerland, and the British Virgin Islands. Now they are looking towards the EU's MiCA regulation, effective since December.
They have hired important people lately. Dipak Shah joined as the OTC trading director in London. He comes from Nomura. Previously, he was at Citi and Goldman Sachs.
"Customers come first," said Shah. "But we continue to bet on commercial and technological talent to grow" 💼.
The company wants to excel in three areas: electronic market making, OTC trading, and token services 🔥. Shah mentioned: "We already have very good people in London. And we are also going for Asia and New York."
Born in 2021 from the hands of Lancia and Alex Casimo, who left Citadel Securities. In 2022 they achieved $50 million. Not bad. In 2024 they moved over $100 trillion in transactions 📈. A quite impressive figure.
This expansion comes after some important exits last year. Something like a rebirth. They want to be the giants of institutional crypto trading by 2025 🌕. We'll see if they succeed.