Portofino Technologies Plans Office Openings in New York and Singapore
Portofino Technologies, a Switzerland-based crypto market maker, plans to expand its operations significantly by 2025. Key developments include:
- Exploring new offices in New York and Singapore.
- Regulated in the U.K., Switzerland, and British Virgin Islands; expanding under EU's MiCA regulation.
- Recent hire of Dipak Shah as head of over-the-counter (OTC) trading, previously at Nomura, Citi, and Goldman Sachs.
- Aiming to dominate electronic market making, OTC trading, and token services.
- Company raised $50 million in late 2022 and handled over $100 billion in trading volume in 2024.
- Rebuilding efforts after staff departures last year.