Other
Aug 2022An IRS John Doe summons was authorized to obtain identities of U.S. taxpayers who transacted $20,000+ in crypto via SFOX (2016–2021); this reflects regulatory scrutiny around customer records, not necessarily misconduct by SFOX.
Company research
Public company, workplace, funding, and market signals
Overview
sFOX (San Francisco Open Exchange) is a regulated institutional crypto prime dealer and digital asset infrastructure platform for businesses and professional investors, offering unified access to liquidity, custody, clearing, settlement, reporting, staking, and execution tools across fragmented crypto markets.
Primary product
Institutional crypto prime dealer / digital asset trading and infrastructure platform (sFOX Connect and trading platform)
Founded
2014
Headquarters
San Francisco, California, United States
Team size
60-70
Work style
Remote
Industry
Financial Services
Sub-industry
Crypto prime brokerage / digital asset infrastructure
Offices
El Segundo, California, United States
Los Angeles, California, United States
Business model
prime brokerage
institutional trading platform
liquidity aggregation
custody and settlement services
staking services
API/software access
Funding
Stage
Series A
Total raised
$23M
Latest round
Series A · Aug 2018
Latest amount
$22.7M
People & investors
Leadership
Chief Executive Officer
Founder and Visionary; Co-Founder & Former CEO
Chief Technology Officer
Chief Financial Officer
Chief Information Security Officer
Diana Pires
Chief Business Officer
Chief Compliance Officer & BSA Officer
Founders
Co-Founder / CTO Co-Founder
Work & culture
Engineering-oriented and crypto-native, with messaging that emphasizes creativity, problem solving, fast-moving institutional support, and building secure infrastructure for digital assets.
Work style
Remote
Visa sponsorship
Limited
Compensation
Public job postings show competitive US salary ranges, e.g. a Senior Backend Engineer role at $175,000–$200,000 base, plus benefits; some third-party job listings also reference equity and remote work. Public evidence of broad compensation bands is limited.
Benefits
medical insurance
dental insurance
vision insurance
401(k) retirement plan
flexible paid time off
Product & market
Pricing
Not publicly disclosed; likely institutional spread/commission and service-based pricing typical of prime brokerage and liquidity access platforms.
Differentiators
- —single account access to 15+ liquidity providers
- —liquidity aggregation across 30+ providers and 80+ markets
- —advanced algorithmic order types and execution algorithms
- —custody/clearing/settlement/reporting in one platform
- —no reliance on hot wallets
- —SOC 2 certification and 99.99% uptime
- —insurance coverage for key destruction-related custody risks
- —regulated / licensed operating posture
Technology
AWS Elastic Kubernetes Service (EKS)
Kubernetes
Google Analytics
HubSpot
Salesforce
CrowdStrike
JavaScript
Python
Ruby
Confluence
Bitcoin
Blockchain
Customers
institutional investors
trading firms
fintech companies
businesses of all sizes
professional traders
corporate treasury teams
digital asset funds
payment/financial institutions
Competitors
WOO
Elwood
Crossover Markets
prime brokers in digital assets
institutional crypto trading platforms
Scale & contact
Estimated revenue
$20M-$30M
Signals & risks
Other
Apr 2023Blockworks reported SFOX was taking steps to protect client digital assets amid broader crypto bankruptcy/regulatory concerns, highlighting custody-risk sensitivity in the market.
SourceLatest news
sFOX Blog · May 2026
sFOX said its Singapore entity received a Major Payment Institution license from MAS, expanding its regulatory footprint.
PR Newswire · Mar 2026
sFOX announced Javier Martinez as CEO, with founder Akbar Thobhani moving to Founder and Visionary.
sFOX News · Nov 2025
sFOX announced a collaboration with Laser Digital to expand institutional crypto market access.
Blockworks · Apr 2023
Blockworks reported that SFOX was emphasizing additional client asset protection and custody assurances amid broader market stress.
sFOX Blog · Feb 2023
The company described a major cloud upgrade including migration of primary Kubernetes infrastructure to AWS EKS.
Jobs and careers at SFOX
0 jobs at SFOX
No open positions
Check back later for new openings