Treasury management

Liquidations and buybacks executed over time with minimal market impact, under a mandate you set.

What's included

Liquidations
Sell treasury holdings gradually, in line with available liquidity, without flooding the book.
Buybacks
Accumulate tokens steadily within the price and volume limits you approve.
Mandate based execution
You set size, timeframe, price limits and venues. We execute within them.
Market aware pacing
Participation adjusts to depth and flow, so the execution never becomes the price.
Full reporting
Every fill, average price and venue, reported against the mandate.

Measure	What it means	How we report it
Execution price	Average fill price against a benchmark such as VWAP	VWAP over the course of managing the assets, based on purchases or sales
Participation	Our execution as a share of market volume	As a percentage of market volume, in time buckets
Completion	Progress against mandate size and timeframe	Daily
Market impact	Price movement attributable to the execution	Reviewed with you at each check in

Token projects
Funding operations from treasury, or running a buyback programme.
Foundations and DAOs
Managing a treasury with clear limits and transparent reporting.
Funds and early investors
Unwinding or building positions without disrupting the market.

Can treasury execution and market making run together?

Yes. Running both from one desk means execution and liquidity support each other instead of competing.

How long does a liquidation take?

It depends on the size relative to daily volume and the limits you set. We propose a schedule after reviewing your markets.

Tell us about your market and what you need. We'll review it and come back to arrange a call.