About
We rebuilt the exchange
from the order book up.
Founded in 2019 on a single thesis: retail orders should take exactly the same path as institutional flow. Everything else followed from that.
2,019
Founded
840
Employees
180
Countries served
4.1
Median tenure (years)
Principles
Four things we will not trade away
Every one of these has cost us revenue at least once. That is roughly the test of whether a value is real.
Publish the uncomfortable number
Latency benchmarks, postmortems, fee schedules, reserve gaps. If a number would embarrass us, that is usually the argument for publishing it.
No structural conflicts
No payment for order flow, no proprietary desk trading against customers, no spread markup hidden inside a quoted rate.
Build for the edges
The worst connection, the smallest balance, the least experienced user. Design for them and the centre takes care of itself.
Small teams, long tenure
Fewer people with more context beats more people with less. Median engineering tenure is 4.1 years.
History
Eight years, in order
2019
Founded in Zurich
Four engineers and a thesis: the retail order path should be the institutional order path.
2020
First licence
FINMA-supervised operations begin. The matching engine handles its first million orders.
2021
Singapore hub
Major Payment Institution licence granted. APAC volume overtakes Europe within nine months.
2022
Proof of reserves
First daily Merkle attestation published — eleven months before it became an industry expectation.
2023
Trust Base Wallet
MPC self-custody ships with no seed phrase. One million wallets created in the first quarter.
2024
The Rust rewrite
The new matching core goes live after five months of shadow replay. Tail latency falls 94%.
2025
MiCA authorisation
Passporting into 27 EEA markets. Institutional custody crosses $100B.
Leadership
Who is accountable for what
Isabelle Moreau
Chief Executive
Previously ran market structure at a European clearing house. Wrote the original matching engine spec.
Daniel Reyes
VP Engineering
Fifteen years in payments infrastructure. Owns the postmortem policy and defends it in board meetings.
Marcus Vogel
Head of Security
Former offensive security lead. Reports to the board rather than to engineering, deliberately.
Amara Okonkwo
Head of Market Structure
Publishes the research that makes our commercial team uncomfortable. That is the job.
Priya Raman
Principal Engineer
Led the Rust rewrite. Maintains the benchmark methodology we publish quarterly.
Tolu Adeyemi
Design Lead
Made the whole mobile team work on throttled 3G for a quarter. Retention went up.
Investors and infrastructure partners
Come build the boring parts properly.
Thirty-one open roles across nine timezones, and a hiring process that respects your time.
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