Gold-i, the
UK-based trading technology provider, has added Hyperliquid to its MatrixNET
liquidity management platform, the company said today (Wednesday), in what it
described as the first time the platform has connected to a decentralized
finance exchange.
Through a
standard FIX API connection, Gold-i’s clients including brokers, proprietary
trading firms, and fund managers, can now route order flow through
Hyperliquid’s on-chain derivatives venue and pipe that liquidity directly into
MetaTrader 5 or other trading platforms, according to the firm.
DeFi Makes Its Way Into
Institutional Plumbing
The
announcement comes as decentralized exchanges push deeper into territory once
occupied by traditional venues. DEXs processed
more than $1.2 trillion in perpetual futures every month by the end of 2025, with
Hyperliquid holding a commanding share of that volume. The question for firms
like Gold-i is how to make that liquidity reachable for clients operating
within conventional brokerage infrastructure.
Gold-i says
it handles the translation work needed to bridge those two worlds. By normalizing
order flow to meet Hyperliquid’s execution requirements, the firm claims
clients receive competitive pricing and solid depth at the top of the book
while still leveraging the aggregation, smart routing, and risk controls
already built into MatrixNET.
“This
was a complex implementation but a significant development for Gold-i,” Tom
Higgins, Gold-i’s CEO and founder, said, “enabling us to offer our clients
access to a market-leading DeFi exchange. Brokers, prop trading firms and fund
managers using MatrixNET now have easy access to Hyperliquid’s on-chain
derivatives liquidity.”
On-Chain Access Through a
Familiar Gateway
Hyperliquid
operates on its own purpose-built blockchain, positioning itself as a
high-performance decentralized exchange for perpetual futures and spot crypto.
The platform claims deep liquidity, low fees, and the infrastructure to support
institutional-grade trading – though those are the company’s own assertions.
What Gold-i
offers is access to that venue via the infrastructure clients already use,
rather than requiring them to engage directly with on-chain systems. The firm
says it normalizes the execution flow so that the DeFi layer remains largely
invisible to the end user.
The
challenge of bridging CeFi
and DeFi for
institutional clients has been well-documented for years, from compliance
friction to counterparty exposure, and plugging a DeFi venue into an
aggregation platform does not automatically resolve those concerns.
What Gold-i
is betting on is that handling enough of that complexity at the infrastructure
level makes the option practical for clients who would not otherwise interact
with on-chain markets directly.
Expansion of a Growing
Liquidity Network
MatrixNET
is already connected to more than 80 liquidity providers and 35 crypto
exchanges, according to Gold-i, with recent additions covering multiple asset
classes. In February 2025, the firm added
Edgewater Markets to
the platform, extending access to precious metals, FX, and NDFs. In mid-2024,
it integrated
Cypator to
expand cryptocurrency liquidity options for retail brokers.
For
MatrixNET clients, the firm says access comes through the same FIX API
interface they already use, with Gold-i handling the order flow normalization
on the back end. Finalto
embedded MatrixNET into
its ClearVision infrastructure in 2023, one of the more prominent third-party
deployments of the platform.
Brokers Eye DeFi as
Institutional Appetite Builds
The broader
question of whether DeFi infrastructure can hold up under institutional demand
is gaining urgency. An Ostium
executive predicted earlier this year that the global CFD broker market faces
serious disruption from decentralized finance within five years, a timeline
that is pushing some traditional infrastructure providers to act rather than
wait.
Higgins
said Gold-i plans to keep adding venues on both sides of that divide. “As
interest in DeFi grows, Gold-i plans to support both centralised and
decentralised liquidity venues,” he added, “giving clients the
benefit of flexibility, efficiency, and seamless multi-venue access.”
How much
demand brokers actually have for DeFi-sourced liquidity at scale remains an
open question. But by routing it through an interface clients already know,
Gold-i is at least removing the on-ramp friction that has kept most
institutional players on the sidelines.
This article was written by Damian Chmiel at www.financemagnates.com.
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