LMAX Group has launched Kiosk, a hosted portal that allows institutional clients to deposit digital assets into LMAX Custody and use them as collateral in multiple markets.
Summary
- LMAX Kiosk allows institutions to use digital assets as collateral for all FX, metals, CFDs and crypto.
- The launch follows DTCC, Franklin Templeton and BlackRock moving into the token securities and fund route.
- LMAX has not disclosed the supported assets, client names or initial Kiosk trading volumes yet.
The London-based commodity market said the service supports foreign exchange, precious metals, digital assets, contracts for difference and futures.
The platform brings maintenance, collaborative access and transaction support into a single workflow for customers. LMAX said the Kiosk includes deposits, withdrawals, API data management, WalletConnect, security controls and treasury management. The company said the product is aimed at institutions that want to use digital assets without separating storage and trading activity across multiple systems.
David Mercer installs Kiosk as market infrastructure
LMAX Group CEO David Mercer said “High-performance securities will be the foundation of modern integrated capital markets.” He added that the Kiosk gives customers a secure stay, smooth communication and instant collateral access to digital assets. The company introduced the product as a compliant solution for institutions that add crypto to the main trading systems.
Other details remain limited. LMAX did not mention supported digital assets, launched clients or early trading rates for the Kiosk. It also did not say how the holding haircuts, asset eligibility rules or stress period margin calls would work across each market. Those points are important because institutional users often need clear risk rules before they move collateral to scale.
The race for branded collateral is gaining speed
The launch comes as major financial firms explore new ways to use tokenized assets as collateral. Recent market updates show that DTCC is working with Chainlink on Collateral AppChain for overnight rates, margins and fees. The platform is targeting a Q4 2026 production launch and follows DTCC’s previous Smart NAV work with JPMorgan, Franklin Templeton and BNY Mellon.
Other firms also manufacture similar instruments. Franklin Templeton and Kraken parent Payward plan to merge a money market fund with the BENJI token into Kraken for collateral and money management.
BlackRock filed for another tokenized fund with Securitize after BUIDL grew to nearly $2.3 billion in assets. OKX also added BlackRock’s BUIDL as collateral for trading to eligible institutional and VIP clients through Standard Chartered.
In addition, Kiosk positions LMAX in the broader transition to digital assets that can move quickly between savings accounts, treasury and trading accounts. For institutions, the main goal is not just crypto exposure. The main focus is on using digital assets as active collateral in all regulated trading venues.
