NewsCryptoNew Market Completes Independent Security Audit of Non-Custodial Account Infrastructure

New Market Completes Independent Security Audit of Non-Custodial Account Infrastructure

Author: Blocktelegraph·

Key Takeaways

  • •New Market Trading completed an independent security audit of its non-custodial client account infrastructure, performed by Consensys Diligence, the blockchain security auditing arm of Consensys, active since 2017.
  • •NMT accounts are built on Safe's implementation of the ERC-4337 account abstraction standard, infrastructure that secures more than $100 billion in crypto assets across the industry.
  • •Clients own and control their Safe smart accounts directly, while NMT can execute investment strategies but cannot withdraw or redirect funds.
  • •The firm deploys AI-driven monitoring that flags and blocks potentially suspicious transactions, such as unfamiliar signature requests or abnormal approvals, before they execute.
  • •In August 2026, NMT named Ajdin Kahrović, who previously built defi.app to more than $40 billion in cumulative trading volume, as Chief Technology Officer on the same day the company opened to new clients.
New Market Completes Independent Security Audit of Non-Custodial Account Infrastructure

St. Petersburg, FL (PinionNewswire) — New Market Trading, a non-custodial onchain wealth management firm, has completed an independent security audit of its client account infrastructure. The review was conducted by Consensys Diligence, one of the industry’s most established blockchain security auditing firms, and adds independent verification to an account model in which clients hold the keys to their own assets.

The audit covered the non-custodial architecture behind every New Market Trading (NMT) client account. That architecture is built on Safe’s implementation of the ERC-4337 standard — the industry framework for account abstraction — infrastructure that already secures more than $100 billion in crypto assets across the sector. Account abstraction replaces the conventional private-key wallet with a programmable smart-contract account, which is what allows a firm like NMT to hold defined permissions inside a client’s account without ever holding the client’s keys.

Every New Market Trading account is a Safe smart account that the client opens, owns, and controls directly. NMT is granted permission to execute investment strategies inside that account. It cannot withdraw funds or redirect them anywhere else, a structure the company describes as the foundation of its approach to security. The contrast with traditional wealth management is custody itself: in a custodial arrangement, the institution holds client assets directly and clients depend on that institution’s controls and solvency, while a non-custodial model keeps the keys with the client throughout.

“New Market Trading is the first of its kind,” said Frank Hepworth, founder and CEO of New Market Trading. “We use non-custodial technology to connect investors to the onchain economy in a way legacy institutions cannot. Our clients always maintain full control of their own funds, while still benefiting from the professional management and investment strategies of our team.”

NMT sought independent, third-party verification of that structure. Consensys Diligence, the security auditing arm of Consensys — the company behind the widely used MetaMask wallet — has been active in blockchain security auditing since 2017 and reviewed the non-custodial account infrastructure that underlies every NMT client account. In decentralized finance, where code rather than an intermediary controls how funds move, third-party audits are the standard mechanism for verifying that account infrastructure behaves as intended. The infrastructure carries its own track record: accounts on the platform run on Safe’s implementation of ERC-4337, technology used industry-wide to secure more than $100 billion in crypto assets. NMT built its account model on that established, widely deployed foundation.

New Market Trading said the audit is one part of a broader, ongoing security posture. The company also uses AI-driven monitoring on client accounts, designed to catch the kinds of mistakes that typically cause self-custody losses, such as an unfamiliar signature request, a suspicious transaction, or an approval that does not match a client’s normal activity.

“AI monitoring flags and blocks suspicious transactions before they execute,” Hepworth said. “That takes most self-custody mistakes off the table. They can advise you. They can’t stop you.”

In August 2026, NMT named Ajdin Kahrović as Chief Technology Officer, the same day the company opened publicly to new clients, placing the architect of the platform’s security in that role from day one. Kahrović previously built defi.app from launch to more than $40 billion in cumulative trading volume. He now leads all of NMT’s engineering, sets the technical roadmap, and owns the security and reliability of the platform as it scales. Hepworth has said the hire was about giving the company’s technology, and its security, a single owner from the outset.

The company said it will continue to invest in third-party verification and account-level safeguards as its client base grows.

New Market Trading describes itself as the first wealth management firm to move the investment account itself onto the blockchain. NMT clients own their accounts via ERC-4337 smart account technology and delegate trading management to the NMT team, which can execute strategies but never withdraw or redirect funds. Clients also gain immediate access to more than 10,000 onchain assets, yield products, and active strategies.