Building the infrastructure for capital-efficient FX
Why we built XFX
and why stablecoins change what's possible
FX is a nearly $10T-a-day market — and most of it still runs on capital parked idle just to guarantee execution. Santi, Beto, and Jason spent years scaling financial infrastructure at Bitso, moving institutional payments to billions in volume.
That vantage point made one thing obvious: blockchain and stablecoins simplify settlement, but someone still has to hold inventory in every currency to make the exchange happen. A faster rail on top of parked capital is still parked capital.
XFX exists to solve the harder side: wholesale liquidity unified across fiat and on-chain systems, routed intelligently in real time, with capital that deploys on demand instead of sitting trapped.
Built in 2025.
We're just getting started.
"For decades, global finance has innovated at the interface. The engine underneath — how liquidity is sourced, capital is allocated, and value actually settles — has barely changed. XFX rebuilds that engine."
Santiago Alvarado, Co-founder and CEO
Castle Island Ventures
Supporting the entrepreneurs building the infrastructure and application companies required to help public blockchains reach their full potential.
HAUN Ventures
Backing the boldest builders defining the next generation of the global economy.
Oak HC/FT
Partnering with founders driving structural change in two complex systems: healthcare and financial services.
Maya Capital
Supporting bold leaders who are catalyzing change in Latin America.
Coinbase Ventures
Backing entrepreneurs working to advance the crypto/Web3 ecosystem and support Coinbase's mission of creating more economic freedom for the world.
Paxos
Regulated blockchain and digital asset solutions for global leaders in financial services. Designed for enterprises.
Bitso
Latin America’s leading digital financial services company, evolving from a crypto pioneer into a comprehensive investment platform
1
Ownership Matters
We lead our domain with mastery and accountability, owning our work and outcomes. We trust each other's judgment, prioritize action, and get things done.
2
Clients Come First
From trade execution to settlement and support, we stay close to every operational detail so customers don’t have to. Our team is hands-on, responsive, and committed to resolving issues fast—because operational excellence builds trust.
3
Simplicity Wins
We pursue clarity over complexity. From platform design to customer experience, our goal is to remove friction and deliver effective solutions.
4
Built on Trust
Trust is foundational to our internal culture and to every customer relationship. We earn it through transparency, consistency, and unwavering commitment to execution excellence.
5
Attitude Drives Growth
We approach every challenge as an opportunity. Tenacity, purpose, and continuous learning fuel our progress and help us deliver exceptional results.
Miami
1395 brickell avenue
Mexico City
Torre VIRREYES
Infrastructure for capital-efficient FX. Moving money at the speed of information.
System status · OperationaL
v 2026.5