broker-dealer
(17)
3xEquity Turned the Recruiter Cold-Call Into a Silent Auction for Advisors
The Kirkland firm gets financial advisors competing offers from 200-plus broker-dealers in a few days - anonymously, and without paying a dime. In May 2026, Elite Consulting Partners bought it.
The Rails Under Your First Slice of SpaceX
Templum is the roughly 30-person infrastructure company quietly wiring private markets - the reason a SoFi member can now buy into OpenAI, Anthropic, or Stripe without a private banker.
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.
Oppenheimer & Co. Inc.
A 140-year-old Wall Street house that never grew into a giant - and turned staying mid-sized into the whole pitch.
Jefferies
How a 1962 Los Angeles block-trading desk turned into the last independent full-service investment bank standing between the boutiques and the giants.
Lime Trading
Lime Trading (Lime Trading Corp., operating as Lime Financial) is a New York-based broker-dealer that gives independent and institutional traders access to institutional-grade trading technology. Born in 2000 inside a quantitative hedge fund as Lime Brokerage, the firm built low-latency infrastructure for high-frequency trading and now offers direct market access, trading APIs, colocation, and proprietary web and mobile platforms for trading U.S. equities, options, and futures. It positions itself in the gap between bulge-bracket banks and retail apps, serving sophisticated traders and developers who want speed, transparency, and quality execution.
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.
Percent
Percent is a New York-based fintech company building the technology infrastructure for the private credit market. Its platform digitizes the full lifecycle of private credit transactions - sourcing, structuring, syndication, surveillance and servicing - connecting corporate and asset-based borrowers, underwriters and accredited investors on a single, transparent marketplace. Founded in 2018 (originally as Cadence) by Nelson Chu, Percent has powered roughly $2 billion in transaction volume and offers short-duration, high-yield private credit deals with lower minimums than traditional channels.
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.
RQD* Clearing
RQD* Clearing is a New York-based correspondent clearing firm that provides clearing, custody, and execution services for broker-dealers on a cloud-native, real-time platform. Spun out of options market maker Volant, it self-clears U.S. equities, options, and ETFs, positioning itself as a modern alternative to legacy clearing providers with direct API integration, 24x5 availability, and infrastructure built on Microsoft Azure.
Pave Finance
Pave Finance is a New York-based fintech building an AI-powered, institutional-grade wealth management platform that lets financial advisors customize, personalize and automate portfolio construction for their clients. Combining an alpha-scoring algorithm, an optimization engine and an integrated trading platform across 10,000+ global securities, Pave brings tools once reserved for hedge funds and ultra-high-net-worth desks to everyday advisors - offering direct indexing, tax-loss harvesting, values-based screens and concentrated-position management. In September 2025 the company closed an oversubscribed $14M seed round.
Plural
Plural is a San Francisco fintech building the financial operating system for infrastructure - a programmable execution layer that tokenizes real-world energy assets like solar farms, battery storage, and data centers. It targets the 'missing middle' of clean energy: sub-$100M projects too small for traditional project finance but too big to ignore. By pairing smart-contract automation with a registered broker-dealer, Plural lets developers raise capital faster and lets institutional and alternative investors underwrite, monitor, and trade cash-flow streams from the electron economy.
Satschel, Inc.
Satschel, Inc. is a Whitefish, Montana-based financial technology company building frictionless compliance and investment infrastructure with blockchain, biometrics, and AI. Its Simplici platform compresses KYC, KYB, AML, accreditation, and e-signature into a mobile-first onboarding flow that runs in about four minutes, while its subsidiary Liquidity.io operates an SEC-regulated Digital Alternative Trading System for tokenized, traditionally illiquid assets.
Stirlingshire
Stirlingshire is a New York-based financial services company building an advisor-first investment platform. Operating through SEC-registered, FINRA-member subsidiaries Stirlingshire RIA LLC and Stirlingshire BD LLC, it offers a full-service broker-dealer and advisory model with a sharp twist: advisors keep 100% of their asset-management fees and commissions with zero firm expenses and permanent work-from-home flexibility, while clients can self-direct at zero commission and call on a professional advisor only when they want one. Founded in 2020 by Steven Woods, the firm pitches a 'third way' between fully managed portfolios and pure DIY investing.
Nasdaq Private Market
Nasdaq Private Market (NPM) is an independent, New York-based financial technology and broker-dealer company that runs a marketplace for trading shares of private, pre-IPO companies. Through its SecondMarket platform, NPM helps startups, employees, shareholders, and institutional investors find liquidity before an exit - via tender offers, auctions, block trades, and custom company marketplaces - while bringing price discovery, data, and settlement infrastructure to a notoriously opaque corner of finance.
Finalis
Finalis is a San Francisco-based fintech building the operating system for private capital markets. It pairs a registered broker-dealer with software that handles compliance, deal management, and a global network of bankers - letting independent dealmakers run M&A, capital raises, and private placements without standing up their own back office.