alternative-trading-system
(6)
tZERO Spent a Decade Building the Boring Parts of an On-Chain Wall Street
The blockchain pioneer began with a moonshot: rebuild capital markets. Now its more practical pitch is regulated plumbing - one stack for issuing, trading, holding and connecting tokenized assets.
Ohanae
Ohanae is a New York-based fintech company building regulated market infrastructure for tokenized securities. Its Web3-powered platform combines asset tokenization, a US-dollar-pegged stablecoin (Ohanae Coin), self-sovereign identity, and an alternative trading system with automated market maker technology to handle the full lifecycle of digital asset securities - from issuance and Regulation A+ crowdfunding through custody, clearing, settlement, and secondary trading. Founded by Greg Hauw, the company operates FINRA-registered broker-dealer Ohanae Securities LLC and targets the multi-trillion-dollar OTC securities market.
OpenYield
OpenYield is a New York-based fintech operating an automated, all-to-all bond marketplace that brings an equity-like trading experience to fixed income. A FINRA-registered broker-dealer and SEC-registered alternative trading system (ATS), it offers firm, executable quotes with no minimum trade sizes across corporate bonds, municipal bonds and U.S. Treasurys, connected to brokerages, advisors, asset managers and market makers through API-first infrastructure.
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.
Matthew Cohen
Matthew Cohen is the co-founder and chief executive of Provable Markets, a New York fintech running Aurora, an SEC-registered Alternative Trading System for securities lending. After 15 years trading equity finance at Bank of America Merrill Lynch, Jefferies, and Nomura, Cohen partnered with cryptographer Thomer Gil in 2020 to apply secure multi-party computation to a market that had run for decades on phone calls, spreadsheets, and information leakage. In 2022 Provable ran the first securities lending transaction cleared through DTCC's SFT service. In May 2024 the company raised an $8M Series A led by Dialectic Capital Management.
Noel Moldvai
Noel Moldvai is the co-founder and CEO of Augment, a FINRA-registered marketplace that lets accredited investors buy and sell shares of late-stage private companies like SpaceX, OpenAI and Stripe with order-book style trading. A former Google engineer and founding engineer at Rubrik, where he felt the pain of locked-up employee equity firsthand, he built Augment from beta to a roughly $10M run rate in about 18 months, profitably, crossing $400M+ in trade volume and raising about $16M. Berkeley EECS grad, holder of 10+ patents, and a self-described metalhead who plays guitar and drums.