Excited for @Interchange to be part of this initiative!

I’m excited to announce our latest product: @interchange Equities. Equities is our US equities execution, clearing and custody platform we built from scratch in just 18 months – obtaining all necessary regulatory approvals in only 14 months. We achieved this in not just what we think is record time, but we did it while staying true to our goal of building the world-class product for this industry. @RobinhoodApp built a self-clearing firm in reportedly 24 months (we believe actually much longer). Ask anyone in the industry and they’ll tell you corresponding clearing is orders of magnitude harder than self-clearing. Proud of the entire @interchange team and thank you to everyone who has supported us.

Excited to officially launch our first live product, @Interchange Treasury. We built Treasury to make cash management programmable and seamless. It’s an API-first, 100% automated money market fund sweep that generates yield on the day of deposit - with same-day liquidity for withdrawals. The sweep balance is also instantly available for equity purchases.

An important milestone achieved by the @Interchange team today - we’ve executed our first live trade! We bought one share of @Coinbase ($COIN), entirely through the proprietary Interchange platform, powered by Interchange Clearing, our @FINRA, @The_DTCC and @NasdaqExchange member broker-dealer. This might not sound like a big deal, but I assure you it is. The amount of work required to get to this point is monumental. Being able to execute a live trade is like the tip of the iceberg, with all the work required to get there below the surface. I’m super proud of what the team has achieved and look forward to the next milestone!

I’m super excited to finally talk about what we’ve been working on! Allow me to introduce you to @interchange - the future of financial market infrastructure. Today we’re announcing we’ve raised $17m in seed funding from an amazing group of investors including MS&AD Ventures, @BoxGroup, @pnpfintech and @Liquid2V and angel investors @eglyman, @karimatiyeh, @immad, @ankurnagpal, @shamir_k to name a few, as well as regulatory membership approvals from @FINRA, DTC, NSCC (@The_DTCC) and @NasdaqExchange.