Consilium Crypto

Consilium Crypto, founded in 2017 by Austin Hubbell and Fadi Hariri, operates as a data and analytics provider for the digital asset markets. The company is headquartered in Toronto, with an engineering team based in Montreal, leveraging the latter's AI and data science talent pool. CEO Austin Hubbell's initial vision was to establish a quantitative hedge fund, which led to the in-house development of sophisticated trading tools. Recognizing a gap in the market for institutional-grade infrastructure, the company pivoted to providing these technology solutions to other financial entities.

Consilium Crypto serves institutional clients such as hedge funds, over-the-counter (OTC) desks, miners, family offices, and exchanges. The firm's business model centers on providing market data and liquidity management solutions that enable clients to make informed decisions and execute large trades efficiently. A key product is the Consilium Order Recommendation System (ORS), a liquidity routing tool that helps high-volume traders save on transaction costs by spreading orders across multiple exchanges to minimize price disruption. The company's revenue model for the ORS is performance-based; clients are charged a function of their savings, paying nothing if a transaction does not result in savings. This system is non-custodial, meaning users retain full control of their assets throughout the trading process, reducing cybersecurity risks.

The company's data and analytics system monitors a vast amount of information, including raw transaction data and complete order book details from over 50 exchanges globally, covering more than 17,000 trading pairs and 1,000 assets. This data feeds into solutions for transaction cost analysis, liquidity analysis, and trade activity tracking. Consilium Crypto also incorporates alternative data sources, such as search engine volume, blockchain activity, and GitHub analytics, to offer deeper insights into market sentiment and project development. The firm has raised approximately $696K in funding through multiple rounds, including a seed round in January 2020 of $600K from investors like Cary Investments, Exponential, Holt Xchange, Bloomberg Beta, and DCVC.

Keywords: digital asset data, cryptocurrency analytics, liquidity management, institutional crypto trading, transaction cost analysis, crypto market data, order routing system, quantitative analysis, crypto hedge fund solutions, OTC trading tools, crypto exchange data, liquidity solutions, algorithmic trading, financial software, big data, FinTech, blockchain analytics, asset manager tools, family office crypto, crypto risk management