# Nonco

> Nonco is not your typical digital asset firm.

Nonco is a digital asset trading firm that acts as a proprietary counterparty in crypto markets. It provides institutional clients, professional investors, and stablecoin issuers with market making, OTC liquidity, lending, and derivatives.

Nonco is a digital asset trading firm that acts as a proprietary counterparty across global crypto markets, trading solely on its own account. It provides institutional clients, professional investors, and stablecoin issuers with liquidity, execution, and lending solutions for digital assets. Nonco serves financial institutions, fintechs, and stablecoin issuers seeking access to deep, reliable markets.

The firm trades on a principal-to-principal basis rather than acting as a broker, agent, fiduciary, or exchange. It combines market making, algorithmic execution, and index pricing to support price discovery across centralized and decentralized venues, and operates decentralized liquidity pools for on-chain foreign exchange trading.

Its offering spans two lines, Nonco Markets and Nonco Stables, covering market making, OTC liquidity, lending, derivatives, and stablecoin distribution support, including decentralized FX pools and on-chain settlement infrastructure. Stablecoin issuers use its liquidity provision and distribution services to expand adoption across multiple markets. Nonco is used by financial institutions, funds, fintechs, and stablecoin issuers operating in digital asset markets.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2023-01-01
- Profile: https://thegrid.id/profiles/nonco

## Products

- [FX On-Chain](https://thegrid.id/profiles/nonco): FX On-Chain is a blockchain-native foreign exchange payment network that links local currencies and stablecoins through an automated on-chain conversion engine. It enables institutional counterparties to convert and settle value across multiple currencies instantly, supporting cross-border payments, remittances, and trade finance with continuous multi-chain settlement. The system increases transparency and reduces market risk compared to traditional FX rails, and it operates on its own dedicated domain separate from Nonco's other services. (Payment network, Live)
- [Nonco Institutional Brokerage Platform](https://thegrid.id/profiles/nonco): Nonco Institutional Brokerage Platform is an institutional digital asset trading and liquidity service operated by a proprietary trading firm. It provides market making, algorithmic execution, over-the-counter block trading, lending, index pricing, and derivatives structuring for institutional counterparties across spot and derivative markets. Clients access these services through a web interface, application programming interfaces, or chat-based execution, with settlement handled via clearing, smart contracts, or bilateral arrangements. The platform trades as a principal using its own capital rather than acting as a broker or custodian. (Market Maker, Live, Main Product)
- [Nonco Stables](https://thegrid.id/profiles/nonco): Nonco Stables is a business-to-business over-the-counter liquidity service for stablecoins and fiat currencies, serving fintechs, payment service providers, and enterprises. It provides direct fiat on and off ramp access across multiple currencies with instant settlement, institutional-grade custody, and compliance support for cross-border payments and collections. The service also distributes stablecoin issuers tokens across key trading venues to support token liquidity and market access. Clients connect through web, application programming interfaces, and FIX protocol connections rather than a public exchange interface. (OTC, Live)
- [Nonco DeFi Pools](https://thegrid.id/profiles/nonco): Nonco DeFi Pools is a decentralized exchange offering permissionless, on-chain foreign exchange liquidity pools for stablecoins. It operates through open, auditable smart contracts that let participants trade, provide liquidity, and manage exposure directly on-chain without intermediaries. The pools run continuously with a composable architecture, enabling integration with other decentralized finance infrastructure and consistent liquidity across trade sizes. (Decentralised Exchange, Live)

## Links

- [Main](https://nonco.com)
- [Blog](https://nonco.com/media)
- [Privacy policy](https://nonco.com/privacy-policy)
- [Terms of Service](https://nonco.com/terms-of-service)
- [Twitter / X](https://x.com/nonco_otc)
- [LinkedIn](https://linkedin.com/company/noncotrading)

## Legal

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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP