Posted by Colin Lambert. Last updated: September 30, 2025
In what the company claims is a “world’s first”, Integral has launched PrimeOne, a stablecoin-based crypto prime brokerage, built on the Codex Layer-1 EVM blockchain, to deliver credit, trading, and net settlement in a single, integrated platform.
PrimeOne offers the standard prime brokerage service of allowing clients to trade with crypto market makers and exchanges through a single account – eliminating the need to maintain separate relationships across venues. This means, Integral says, they benefit from faster time to market, streamlined onboarding with just one AML/KYC check, and no credit requirement.
Unlike traditional models, however, Integral says PrimeOne’s on-chain infrastructure ensures clients retain control of their assets at all times. As open positions change in value, USD stablecoin-based margin automatically moves between counterparties’ wallets in real time, virtually eliminating counterparty credit risk. Trading limits are dynamically set based on margin balances held by participants.
By leveraging stablecoins and real-time margin exchange, the firm adds that PrimeOne prevents defaults from cascading across participants – delivering a more resilient, democratised credit network.
“As institutional adoption of crypto accelerates, the lack of accessible credit remains the last major hurdle to widespread participation,” says Harpal Sandhu, CEO of Integral. “PrimeOne reduces risk, cost, and complexity while unlocking liquidity, profitability, and confidence in crypto trading.”
Scotte Moegling, from Virtu Financial, one of the early adopters of the platform, adds, “We are strong proponents of the emergence of the blockchain technology, and PrimeOne exemplifies the powerful democratising capabilities that it delivers. PrimeOne will enable investors access to greater competitive pricing with less risk, unlocking significant growth potential for crypto trading on the platform.”
Meanwhile, Peter Wisniewski, managing partner of Europa Partners, says, “PrimeOne is a gateway to the future of credit in cryptocurrency markets. The ease of setup, speed of onboarding, and access to liquidity will allow us to trade more profitably, more efficiently and at lower costs. This will help us deliver higher returns and capitalise on unprecedented opportunities in cryptocurrency markets.”