The onchain FX protocol

Emerging-market FX. Now onchain.

Trade, hedge and provide liquidity to emerging-market currencies through transparent, programmable markets built for global access.

Continuous markets · Transparent pricing · Non-custodial access

Currency fieldIllustrative data

USD / NGN

Nigerian Naira

Live
Oracle price
1,400.95
Mark price
1,400.17
24h movement
+0.71%
Open interest
$7.80M
Available liquidity
$2.45M
Funding rate
1.200%
USD / NGN1,400.12+0.71%USD / KES129.44-0.18%USD / GHS10.7241-0.42%USD / ZAR18.2145+0.34%USD / XOF612.08+0.09%USD / NGN1,400.12+0.71%USD / KES129.44-0.18%USD / GHS10.7241-0.42%USD / ZAR18.2145+0.34%USD / XOF612.08+0.09%

Stablecoins moved money onchain. Managing risk is next.

We’re bringing fiat-currency risk management onchain—turning fragmented, institution-controlled FX markets into open markets powered by global liquidity and participation.

Hedge local currencies. Provide liquidity globally. Settle onchain.

FIAT RISK, LOCKED IN SILOSBanksBrokersLocal marketsDISTRIBUTED ONCHAIN HEDGINGNGNKESGHSZARXOFUSDCUSDTOXHEDGEDISTRIBUTED LIQUIDITY LAYERWalletsLPsHedgersProtocolsNON-CUSTODIALGLOBAL LIQUIDITYONCHAIN SETTLEMENT

What OXHEDGE unlocks

01

Trade

Access directional exposure to emerging-market currencies through continuous onchain markets.

Global access. Transparent execution. Programmable settlement.

02

Hedge

Manage currency risk without relying entirely on fragmented bilateral markets or inaccessible offshore infrastructure.

Protect margins. Manage volatility. Keep operating.

03

Provide Liquidity

Deploy capital into under-served currency markets and earn from real trading demand.

New markets. Real demand. Open participation.

04

Non-custodial

Funds remain yours until the trade is confirmed. OXHEDGE never holds your money — collateral sits in your wallet and settles onchain only when you act.

Your keys. Your collateral. Your control.

Not crypto markets with FX labels. Real FX infrastructure, rebuilt onchain.

OXHEDGE uses perpetual market infrastructure because it enables continuous price discovery, capital-efficient exposure and programmable risk management. But the mission is larger: building an open liquidity layer for currencies that traditional markets have left fragmented and difficult to hedge.

  1. STEP 01

    Fragmented FX liquidity

  2. STEP 02

    Onchain price discovery

  3. STEP 03

    Continuous trading

  4. STEP 04

    Open hedging

  5. STEP 05

    Composable settlement

Built for real FX participants

One venue, four kinds of currency risk.

Protect operating margins and future cash flows against currency volatility.

An importer with USD payables and NGN revenue holds a hedge that offsets depreciation between invoice and settlement.

Exposure hedged
USD 250,000
Horizon
Rolling / continuous
Settlement
Onchain, non-custodial

A market interface built around currencies.

Perpetual infrastructure for continuous FX exposure

Wallet connected · 0x7c…4f2a
Oracle
1,400.12
Mark
1,400.38
Funding / 8h
1.200%
Open interest
$7.80M

Market depth

1,399.40$180.0k
1,398.42$156.0k
1,397.44$132.0k
1,396.46$108.0k
1,395.48$84.0k
1,401.36$180.0k
1,402.34$156.0k
1,403.32$132.0k
1,404.30$108.0k
1,405.28$84.0k

Open position

USD / NGNBuy USD / Sell NGN$40.0k3.0x+$1.2k
5x
Margin required
$5,000.00
Est. liquidation
1,148.31
Mark price
1,400.38
Buy USD / Sell NGN

Illustrative interface. Values shown are not live market data.

Open infrastructure. Verifiable markets.

Every market is designed around transparent pricing, visible risk and programmable execution.

L1

Price Layer

Reliable FX reference prices and oracle inputs.

L2

Liquidity Layer

Market makers, protocol liquidity and external venues.

L3

Risk Layer

Margin, funding, liquidations and exposure controls.

L4

Settlement Layer

Smart contracts, wallets and programmable settlement. Funds stay in your wallet until a trade is confirmed — OXHEDGE never holds your money.

Emerging-market focus

Starting where access matters most.

OXHEDGE is building onchain markets for currencies with significant real-world demand but limited access to efficient hedging and global liquidity.

  • 01NGNNigerian Naira
    Live
  • 02KESKenyan Shilling
    Live
  • 03GHSGhanaian Cedi
    Testnet
  • 04ZARSouth African Rand
    Testnet
  • 05XOFWest African CFA Franc
    Coming soon
  • 06XAFCentral African CFA Franc
    Coming soon
01

Open access

Markets available beyond traditional banking boundaries.

02

Transparent risk

Pricing, positions and protocol rules that can be independently verified.

03

Programmable liquidity

Financial institutions and DeFi protocols can integrate directly.

04

Continuous markets

Currency exposure that is not limited by fragmented bilateral access.

A new liquidity layer for global FX.

Begin with emerging markets. Build toward an open, connected currency system.