securities-lending
(3)
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.
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.