Post Trade Solutions Revenue, Valuation, Funding & Investors

Euroclear is a Brussels-headquartered provider of post-trade services for capital markets. The group settles domestic and cross-border transactions in bonds, equities, derivatives, and investment funds, holding €38 trillion in assets under custody as of 2023. Euroclear operates through five central securities depositories serving 130 markets worldwide and processes over 240 million transactions yearly. It supports clients including banks, broker-dealers, and asset managers with collateral management and asset servicing, maintaining a 99.999% availability rate for its platforms.

21Finance is a Zurich-headquartered fintech provider of decentralized platforms for digital asset issuance and trading. Its software enables banks and intermediaries to launch compliant marketplaces for tokenized shares, bonds, funds, security tokens, and cryptocurrencies on secondary markets. Regulated under Swiss financial laws, the solution supports Ethereum-based smart contracts.

Spotlight Group AB is engaged in the business of providing financial and capital market services to its customers in Sweden.

Alpaca is a New York-headquartered developer platform offering API-based brokerage services for stock and cryptocurrency trading. The infrastructure provides commission-free execution, real-time market data feeds, paper trading environments, and advanced order types including algorithmic strategies. Backed by Y Combinator and investors like Spark Capital, Alpaca powers trading apps for retail and institutional users across multiple global markets.

LCH SA is a Paris-headquartered subsidiary of LCH Group providing clearing services for continental European markets in fixed income, equities, and commodities under EMIR regulations.

Bank of London is a United Kingdom-authorized clearing and transaction bank specializing in cross-border payments and agency services. Regulated by the Prudential Regulation Authority and Financial Conduct Authority, it serves as a principal clearer leveraging proprietary technology for compliant product launches in domestic and international markets. Headquartered in London, the firm processes real-time payments across multiple currencies and partners with fintechs to enhance economic infrastructure in emerging regions including Latin America and Africa.

Indian Energy Exchange Ltd is an India-based power trading platform provider. It is a power exchange for spot trading in power/electricity, trading of Renewable Energy Certificates (REC), and Energy Saving Certificates (ESCerts). The main activity of the company is to provide an automated platform and infrastructure for carrying out trading in electricity units for the physical delivery of electricity.

Sygnum is a Switzerland-headquartered digital asset banking group, founded in 2017, that provides institutional-grade services including digital asset banking, B2B platforms, asset management, tokenization, and custody through its Sygnum Protect and Sygnum Connect offerings. It serves more than 2,000 institutional clients across more than 70 countries and powers digital asset services for more than 20 banks, including a large share of Switzerland's banking sector. Sygnum operates in Switzerland, Singapore, the UAE, and Luxembourg, and manages around $5 billion in client assets.

Flow Traders Ltd is a financial technology company operating in the financial markets, using its proprietary technology platform to provide liquidity by quoting bid and ask prices in financial products. It ensures the provision of liquidity to support the uninterrupted functioning of financial markets. The company's core trading focus is on exchange-traded products (ETPs), enabling investors to buy and sell ETPs by quoting bid and ask prices under virtually all market circumstances and also has expanded into fixed income, commodities, digital assets, and foreign exchange. The company's reportable segments are; Europe which generates key revenue, the Americas, and Asia.

Securitize Holdings Inc provides a platform for tokenized real-world assets specializing in tokenizing real-world assets (RWAs) like funds, equities, and fixed income on blockchain networks. The company operates across two primary verticals: i) Tokenization: It consists of on-chain infrastructure and tokenization & distribution, ii) Asset Servicing: It covers post-issuance transfer agent and fund management services. The majority of the company's revenue is derived from the Tokenization vertical.

KFin Technologies Ltd is a technology-driven financial services platform. The company provides services and solutions to asset managers and corporate issuers across asset classes in India and provides several investor solutions including transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines and Hong Kong.

Copper is a London-headquartered custody and trading platform for institutional digital assets. It safeguards over $5 billion in client assets including Bitcoin and Ethereum using multi-party computation wallets and air-gapped storage. The ClearLoop network facilitates off-exchange settlement with exchanges like Binance and Coinbase Prime, while its lending service offers uncollateralized loans.

Zeta is a San Francisco-headquartered cloud-native banking technology platform enabling financial institutions to launch credit cards, loans, deposits, and digital banking apps. Recognized by Celent in 2023 as a top issuer processing partner for US banks and credit unions, it powers over 25 million cards globally with API-enabled features for processing, fraud detection, loyalty programs, and core banking. The company employs more than 1700 staff, with 70 percent in technology roles across the US, Middle East, Asia, and regional headquarters in Mumbai, India.

2TM is a blockchain infrastructure provider for financial markets, headquartered in Sao Paulo, Brazil. Founded in 2013, it operates Mercado Bitcoin, Latin America's largest cryptocurrency exchange handling over $10 billion in annual volume. The platform facilitates secure trading, custody, and investment operations across 15 countries. 2TM supports institutional clients with staking services and tokenized assets on Ethereum and Solana networks.

Waves Platform is a Singapore-headquartered blockchain network launched in 2016 that enables token issuance, decentralized exchanges, and smart contracts through its WAVES native token. The platform supports custom asset creation without coding via its visual token builder and hosts the Waves DEX for trading over 100 tokens. It powers DeFi applications like Gravity Protocol and Neutrino stablecoin, with nodes operating globally.

Form3 is a London-headquartered payment processor offering cloud-based APIs for real-time payments across UK Faster Payments, SEPA Instant, and US FedNow schemes. The platform handles clearing and settlement for banks and fintechs including Revolut and Starling Bank. Built on AWS microservices, Form3 processes billions in transaction volume annually with 99.99 percent uptime.