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About STIX
STIX is an OTC trading platform for digital assets, specializing in the secondary market for locked tokens. Its core business connects sellers (project teams, early investors, foundations) with buyers (whales, family offices, hedge funds) to facilitate private transactions of tokens that are not yet tradable on public exchanges.
Core competitiveness lies in price transparency and data-driven pricing. STIX provides real-time OTC quotes and market data, enabling fairer valuations for illiquid assets. The platform also helps projects manage their token unlock schedules and reduce sell pressure, acting as a neutral intermediary.
Market pain points it addresses: high-FDV, low-float tokens face severe sell pressure upon unlock; insiders need liquidity without crashing the market; buyers seek discounted entries with proper risk management. STIX solves these by offering a private, efficient venue for large block trades.
In the past six months (Feb-Aug 2026), STIX has seen sustained buyer-favorable conditions. The platform reports increased treasury diversification activity from protocols, and growing interest from trading firms executing basis trades (buying OTC at a discount, hedging on exchanges). Monthly unlocks continue to drive supply, keeping OTC discounts wide. STIX has also enhanced its data analytics tools to support institutional decision-making. No major negative events were reported, though the market remains cautious about prolonged unlock schedules.
STIX was founded in early 2023 in the UK, focusing on OTC trading for locked digital assets. In October 2023, it completed a $2.7 million funding round with participation from seven investors including 0xkb, marking its initial capital backing. In July 2024, STIX participated in Aidatify's $8.3 million Series A round, expanding its investment footprint. Throughout 2024, STIX published in-depth market analyses, notably highlighting that secondary OTC valuations for tokens like ENA should be discounted by 70%, and forecasting a persistent buyer's market until 2025. These milestones establish STIX as a key player in the secondary OTC market, providing liquidity solutions and price discovery for illiquid tokens.
Taranveer Sabharwal is the Founder & CEO of STIX. He holds a Bachelor's degree in Physics from the University of Cambridge, served as President of the Cambridge Blockchain Society, and was an early investor in Anthropic. He founded STIX to build structure in private digital asset secondary markets. No other co-founders or key executives have been reliably identified.