Can Crypto Disrupt The $7 Trillion Foreign Exchange Market? This Startup Has A Stablecoin Plan
Fernando Martinez, CEO of Nonco
Nonco
Fernando Martinez talks like a man who’s already seen the future. In it, SWIFT, the messaging networks thousands of banks around the world use to give instructions for transferring funds between accounts, is obsolete. He insists that the global foreign exchange market should run on stablecoins, cryptocurrencies typically pegged to fiat currencies like the U.S. dollar.
These convictions underpin his company, Nonco, based in Miami. Founded in 2023 as a spin-out from Hong Kong crypto exchange OSL, it has quietly grown into one of the biggest digital asset trading firms you’ve never heard of. With additional offices in Mexico City, where Martinez is based, Sao Paulo and London, the firm serves more…
