# Provable Markets

> Provable Markets is a New York-based financial technology company modernizing the securities lending and securities finance markets. Through Aurora, its SEC-registered, vertically integrated Alternative Trading System, it combines encrypted real-time order matching, automated post-trade lifecycle management, and connectivity to central clearing (NSCC CCP) and settlement (DTC) infrastructure. Founded in 2020 by CEO Matthew Cohen and rooted in cryptographic research on secure multi-party computation, the company aims to replace the instant-message-and-spreadsheet workflows of a roughly trillion-dollar market with cloud-native, low-latency, transparent trading.

- **Founded:** 2020
- **Headquarters:** New York, New York, United States
- **Founders:** Matthew Cohen (Co-Founder & Chief Executive Officer), Ruben de Vries (Co-Founder & Chief Technology Officer)
- **Team size:** ~18 employees
- **Products:** Aurora Marketplace, Aurora Trade Manager, CCP Connectivity, 10c-1a Reporting Agent
- **Notable:** Ran the first-ever DTCC-cleared securities lending trade, Operates a live, SEC-registered vertically integrated Alternative Trading System (Aurora), Approved as a FINRA member broker-dealer

## Products & services

- **Aurora Marketplace** — A novel real-time, automated order matching service (SEC-registered Alternative Trading System) that lets clients lend portfolios or borrow securities more efficiently, with encrypted order matching that prevents pre-trade information leakage.
- **Aurora Trade Manager** — Automated post-trade lifecycle management for returns, marks, rate changes and recalls, reducing operational breaks and manual corrections across front, middle and back office.
- **CCP Connectivity** — Access to NSCC central counterparty (CCP) clearing services to improve counterparty risk profiles and lower risk-weighted assets (RWA) for bank and broker-dealer clients.
- **10c-1a Reporting Agent** — A regulatory reporting service to help firms comply with the SEC's securities lending transparency rule (Rule 10c-1a).

## Achievements

- Ran the first-ever DTCC-cleared securities lending trade
- Operates a live, SEC-registered vertically integrated Alternative Trading System (Aurora)
- Approved as a FINRA member broker-dealer
- Raised $8M Series A in May 2024 led by Dialectic Capital Management
- Q2 2026: 91% quarter-over-quarter order growth to 4.2 million orders, $33B executed notional across 398 million shares
- SOC II and ISO 27001 certified; 10c-1a compliant reporting agent

## Latest updates

- **2026-07** — Reported record Q2 2026 volumes: total orders up 91% QoQ to 4.2 million, $33B executed notional across 398 million shares, nearly 20,000 unique securities traded YTD.
- **2026-06** — June records of $30.1 trillion in order notional and $14.9 billion executed notional, up 42% month-over-month.
- **2024-05** — Closed $8M Series A led by Dialectic Capital Management with existing investors Inkef Capital and Anthemis.

## Links

- Website: https://provablemarkets.com
- LinkedIn: https://www.linkedin.com/company/provable-markets

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Profile page: https://yespress.io/provable-markets
Published by YesPress — https://yespress.io
Last updated: 2026-07-18