MAS Group acquires strategic stake in Solid, starting full takeover

MAS Group, an institutional liquidity and technology provider, has bought a strategic equity stake in Netherlands‑based Spot FX ECN operator and market maker Solid. This is the first step toward a full acquisition over the coming years, expanding MAS’s global reach in the spot foreign exchange market.

The two firms have a long history: in 2022, Solid became a minority shareholder in MAS (then BidX Markets). As part of the new deal, MAS will buy back that stake.

The transaction strengthens MAS’s position across both margin trading and spot FX, while Solid’s clients gain access to a broader product range backed by MAS’s FCA regulation. Both companies say client services remain unchanged.

MAS Group, founded in 2021 and regulated by the FCA, operates three entities: MAS Markets (institutional trading), MAS Digital (digital assets), and MAS Fund (funds management).