CRX Trade Launches Swiss Prime Brokerage Bridging Crypto and Wall Street Markets

CRX Trade has launched an institutional platform that bridges the gap between digital assets and traditional finance by providing a single account for both. For fintech professionals, this represents a significant shift toward unified prime brokerage, allowing firms to use crypto assets as collateral for Wall Street trades without the friction of fragmented infrastructure.

What was announced

CRX Trade, operating out of Switzerland’s "Crypto Valley," has introduced a unified trading platform designed for hedge funds and professional trading firms. The solution, powered by CoinRoutes technology, allows users to manage a single account that spans ten major venues. These include international crypto exchanges such as Binance, Bybit, Gate, and Hyperliquid—venues often inaccessible to US-based providers—alongside traditional institutional markets like CME Group and Nasdaq. This integration enables funds to trade oil, gold, or equity perpetuals against their tokenised counterparts in a single order.

The platform addresses a major pain point in institutional "plumbing" where capital is typically siloed. Under the new model, clients can post Bitcoin, stablecoins, or tokenised gold as a single pool of collateral, which is revalued continuously against live market prices. This move comes as tokenised stocks have generated $20.9 billion in trading on decentralised exchanges over the past 30 days, and following CME Group’s transition to 24/7 trading for crypto futures and options in May. The offering includes isolated institutional wallets with distinct addresses per client, ensuring that trading permissions remain separate from withdrawal permissions to enhance security.

"Hedge funds are already running strategies that straddle crypto and traditional markets, but their capital is still split across separate accounts, separate providers and separate risk systems. Equity funds have long had a single prime relationship that handles all of that. CRX Trade brings that model to digital assets, and we're proud to see our technology at the centre of it."

Ian Weisberger, CEO of CoinRoutes.

The companies involved

CRX Trade is a Swiss institutional prime brokerage for digital assets. It is operated by RAS Capital GmbH, a firm led by Managing Director Eamon Comerford and based in Zug, Switzerland. The company focuses on providing infrastructure that connects the burgeoning digital asset class with established financial markets, leveraging Switzerland's regulatory environment to offer access to a broad range of international trading venues.

CoinRoutes is a provider of institutional trading software, specializing in algorithmic trading and risk management. The company has handled more than $700 billion in lifetime notional volume and was recently named Algorithmic Trading Solution Provider of the Year at the Hedgeweek Global Digital Assets Awards. CoinRoutes has been expanding its ecosystem following an investment from Avenir Group in February, recently adding support for tokenised equities through xStocks and integrating with Bitstamp by Robinhood. Its technology is designed to execute complex trades across multiple exchanges as a single order, providing the "under the hood" power for CRX Trade’s new unified offering.

What FF News has reported before

FF News has tracked the steady advancement of CoinRoutes as it builds out the technical framework for institutional digital asset adoption. In August 2026, we reported that CoinRoutes and Wincent Launch Dedicated FIX Connectivity for Institutional Digital Asset Trading, a development that improved low-latency access for professional market participants. Additionally, the broader trend of institutional venues moving into sophisticated digital products was highlighted when EDXM International’s New Perpetual Futures Platform Goes Live in July 2025. These reports reflect a market-wide push to bring the reliability of traditional financial protocols to the high-volatility world of crypto trading.

What this means

The launch of a unified account for crypto and traditional markets addresses the primary friction point for institutional adoption: capital inefficiency. For years, the "plumbing" of finance has remained siloed, forcing funds to over-collateralize across multiple venues. By allowing Bitcoin or tokenized gold to serve as collateral for Nasdaq-listed trades, CRX Trade is effectively challenging the dominance of traditional prime brokers who have been slow to integrate digital assets. This move puts pressure on legacy custodians to modernize their risk reporting systems. The central question for the industry now is whether regulators will permit this level of cross-asset collateralization to become the global standard or if it will remain a specialized Swiss offering.