Provable Markets Successfully Secures Series B Funding to Revolutionize Securities Finance with Major Backers

Provable Markets Successfully Completes Series B Funding

On July 29, 2026, Provable Markets, a broker-dealer registered with the SEC, announced that it has concluded a significant Series B funding round led by Charles Schwab (NYSE: SCHW), with The Depository Trust Clearing Corporation (DTCC) as a new participant alongside existing investors such as Dialectic Capital Management and Inkef. This capital infusion comes at a critical juncture in the company’s development as it aims to innovate the infrastructure of securities finance.

The Aurora Alternative Trading System (ATS) operated by Provable Markets has been gaining substantial traction, achieving record highs in transaction volume over four successive quarters. Recently, the platform recorded over $30 trillion in monthly order volume, demonstrating its growing influence in the market.

Howie Kennedy, Managing Director of Securities Lending at Charles Schwab, emphasized the importance of supporting innovative firms that enhance the financial services sector. He stated, “At Schwab, we value supporting innovative firms and technology that strengthen the financial services ecosystem and enable Schwab to meet the needs of our clients.” With this partnership, Provable Markets is positioned to enhance its existing services through automation and improved connectivity, ultimately raising the efficiency of capital markets.

Provable Markets is set to modernize securities finance workflows by offering a fully cloud-native service that integrates seamlessly with essential players in the U.S. capital markets, including DTCC’s clearing agency subsidiaries like the National Securities Clearing Corporation (NSCC) and The Depository Trust Company (DTC). By leveraging a sophisticated matching engine within its ATS, the company aims to increase trade automation, providing clients with an even playing field.

Moreover, the investment helps to mitigate historical bottlenecks that have impeded operational efficiency in the complex landscape of securities finance. With the inclusion of NSCC's SFT Clearing Service, businesses can optimize capital relief under Basel regulatory frameworks, enhancing their return on investment and trading opportunities.

Brian Steele, Managing Director and President of Clearing Securities Services at DTCC, noted, “As demand for securities financing transactions continues to grow, market participants are increasingly seeking solutions that improve capital efficiency while reducing operational complexity.” He believes the collaboration with Provable Markets will help facilitate a more efficient and scalable securities finance ecosystem.

The capital raised during the Series B round will significantly bolster Provable Markets' capabilities, allowing the organization to expand both its workforce and technological infrastructure to accommodate a rapidly growing client base. It will also drive essential product development and geographical diversification efforts, maintaining the high standards of client service.

Matt Cohen, Co-Founder and CEO of Provable Markets, expressed optimism regarding the funding, stating, “We started Provable Markets with the belief that modernizing securities finance is a market structure story that requires a foundational pipes and plumbing approach to rebuild core infrastructure from the bottom up.” He has faith that this latest investment validates their mission to become a crucial component of the evolving securities finance landscape.

Provable Markets is pioneering changes in market structure by offering comprehensive front-to-back trade lifecycle and post-trade management solutions for both cleared and uncleared securities financing transactions. Their strategy aims at delivering execution optimization, operational efficiency, cost reduction, and risk mitigation throughout the transaction value chain. As a FINRA member broker-dealer and SIPC member, Provable Markets operates the Aurora ATS under the regulation of the U.S. Securities and Exchange Commission.

For further information about Provable Markets, visit provablemarkets.com.