In the locked-token secondary market, every trade has been all-or-nothing: you sell the entire vesting schedule, or nothing at all. OFFX Custody changes that. With custom vesting schedules, sellers and buyers can now agree on exactly which vesting events change hands — unlocking liquidity without unnecessary exposure.
Today's locked-token secondary market forces a binary choice. When early employees or investors want to access liquidity on their vesting tokens, they must sell the entire vesting schedule — every event, every month, from cliff to final unlock.
This creates friction on both sides of the deal. A seller who only needs partial liquidity must give up their entire future upside. A buyer who likes the asset but wants limited duration exposure is forced to take on years of vesting risk. The result? Deals that don't happen at all.
With OFFX's new custom vesting feature, sellers can select exactly which vesting events they want to include in a listing. Instead of an all-or-nothing deal, every single vesting event — each monthly unlock — becomes individually toggleable.
The interface is simple: when creating a deal, sellers choose the Investors vesting allocation, enable customization, and then drill down into the timeline. Each vesting event — from the 25% cliff to every monthly 2.08% unlock — can be individually selected or deselected.
Consider an early investor holding a standard 3-year vesting schedule: 25% cliff on Nov 24, 2026, then ~2.08% monthly through Nov 2029. They need liquidity now, but believe in the long-term thesis. With OFFX, they select only the first 12 vesting events — getting immediate liquidity on almost half their position while keeping the long-term upside. The buyer gets ~1 year of defined vesting exposure on a blue-chip asset, without taking on 3 years of duration risk.
Custom vesting sales are only possible because of OFFX Custody. Without regulated, integrated custody, there's no way to guarantee that individual vesting events will be delivered to buyers on schedule. This is the critical infrastructure piece that traditional OTC brokers simply cannot offer.
OFFX Custody combines Swiss-based, regulated custody through Blockfort with Fireblocks institutional wallet infrastructure and the OFFX Deal Engine for automated matching and settlement. Because tokens are already held within OFFX Custody, each vesting event can be settled independently and automatically as it unlocks. The buyer doesn't need to trust the seller to deliver months or years later — the custody layer handles it. This is what transforms a promise into a guarantee.
Providing exit liquidity on shares and tokens is as important as granting options. Custom vesting sales give employees and investors the flexibility to access liquidity on their own terms — without giving up everything.
Employees and early investors can access partial liquidity when the market is favorable — without surrendering their full long-term position. Sell the near-term, keep the upside.
Institutional buyers get defined, shorter-duration exposure to blue-chip locked assets. They can manage risk precisely by choosing only the vesting window that fits their thesis.
Companies and projects can offer meaningful liquidity to their team without destabilizing their cap table. Custom vesting sales align incentives — employees stay motivated, investors stay engaged.
And for the market as a whole, more flexible deal structures mean more deals close. Custom vesting unlocks liquidity that was previously trapped — expanding the entire secondary market.
The crypto market is maturing. Projects are shipping real products. Teams are growing. And the employees and early backers who believed from day one deserve a path to liquidity that doesn't require selling everything they've earned.
At the same time, institutional capital is increasingly looking at locked-token secondary markets as an asset class. But duration risk has been a barrier — no buyer wants to commit to a 3-year vesting schedule when their investment horizon is 12 months. Custom vesting solves this mismatch, creating a market structure where both sides of the trade get exactly the exposure they want.
This isn't just a feature. It's a new primitive for how locked tokens trade — and it's only possible with integrated, regulated custody at the foundatio
Learn more about OFFX Custodyn.