Provable Markets raises $8 million ahead of “Basel End Game”

Provable Markets, a leading provider of technology solutions for Securities Finance, has successfully completed an $8 million Series A investment round. The funding round, led by Dialectic Capital Management, will enable the firm to expand its product offerings and network.

Provable Markets is set to revolutionize the Securities Lending market with its innovative technology solutions, ahead of the impending Basel End Game regulations.

Direct venue to settlement connectivity

With the Basel End Game regulations on the horizon, Provable Markets is offering a cleared settlement option that will significantly reduce Risk Weighted Assets (RWAs) and balance sheet netting. This will also lead to a reduction in both hard and soft operational costs. By freeing up both operational and working capital, Provable Markets aims to help clients focus more strategically on workflow enhancements and automation available through their platform.

Provable Markets enhancing Securities Lending

Provable Markets is committed to transforming the Securities Lending market. The firm’s platform is designed to work both independently and within the confines of the existing infrastructure to more flexibly support dynamic execution and post-trade relationships. The platform’s unique position, with direct venue to settlement connectivity, allows customers to seamlessly transact in cleared and non-cleared Securities Lending transactions with real-time lifecycle management and settlement messaging.

Industry support for Provable Markets

Provable Markets has received strong support from its investors, customers, and partners. John Fichthorn, Founder of Dialectic Capital Management, expressed his excitement to support Provable Markets in their efforts to transform the way this crucial part of Wall Street infrastructure operates. Similarly, Corné Jansen, Venture Partner at Inkef Capital, commended the Provable team for their hard work in building a robust and modern infrastructure in a part of the financial markets where participants still had to deal with legacy systems.

Conclusion

Provable Markets’ successful $8 million funding round marks a significant milestone for the firm. With the support of its investors, customers, and partners, the firm is well-positioned to transform the Securities Lending market with its innovative technology solutions. As the Basel End Game regulations loom, Provable Markets’ cleared settlement option will be instrumental in helping participants reduce RWAs and balance sheet netting, ultimately leading to a more efficient and effective Securities Lending market.