A Bermudian-regulated digital asset trading firm has been recognised in the United States as demand grows for institutional-grade infrastructure in cryptocurrency markets.

STS Digital Ltd said it was named Best Derivatives Trading Solution at the TradingTech Insight Awards USA 2026, hosted by A-Team Group in New York.

The company specialises in digital asset derivatives and structured products and is licensed under Bermuda's Digital Asset Business Act regime.

The award comes during major expansion for STS Digital as it capitalises on growing institutional participation in digital asset markets.

Maxime Seiler, chief executive and cofounder of STS Digital, said the award recognised the firm's focus on providing professional investors with the tools and infrastructure they expect from traditional financial markets.

“Institutions increasingly require more than just access to crypto markets,” Mr Seiler said. “They need liquidity, sophisticated risk management, operational efficiency and infrastructure that mirrors the standards expected in traditional finance.”

The company provides access to more than 400 digital assets across spot markets, options, structured products and bespoke derivatives strategies.

The award follows several milestones for the firm over the past year, including a $30 million strategic funding round backed by investors including CMT Digital, Payward, the parent company of cryptocurrency exchange Kraken, Arrington Capital and other industry investors.

In April, STS Digital also announced that it had become the first principal derivatives dealer integrated into BitGo's Go Network, allowing institutional clients to trade while keeping assets in regulated custody rather than transferring them to a trading venue.

The company said its market-making operations now span more than 30 centralised and decentralised trading venues.

Bermuda is undergoing a push to take a key role in the digital assets sector, looking to attract regulated firms through its DABA framework while positioning itself as a jurisdiction for institutional participants in the crypto market.