# Top 41 Trading Infrastructure Startups Worldwide by Funding (2026)

> The 41 best-funded trading infrastructure startups worldwide, ranked by total funding raised: $1.3B combined.

Source: https://millionrounds.com/top-lists/trading-infrastructure-startups (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Alpaca** Alpaca is a brokerage infrastructure company based in San Mateo, California, that specializes in providing an API-first platform for commission-free trading.](https://millionrounds.com/company/alpaca) Alpaca is a brokerage infrastructure company based in San Mateo, California, that specializes in providing an API-first platform for commission-free trading. *Founded* 2017 San Mateo, United States **$513M** last round Jul 2026
- 2 [**Kana Labs** Kana Labs is an England-based blockchain infrastructure platform that offers solutions such as cross-chain spot trading and smart wallets for individuals.](https://millionrounds.com/company/kana-labs) Kana Labs is an England-based blockchain infrastructure platform that offers solutions such as cross-chain spot trading and smart wallets for individuals. *Founded* 2022 London, United Kingdom **$200M** last round Nov 2023
- 3 [**Zerohash** zerohash is a B2B digital asset infrastructure provider based in Chicago, Illinois, founded in 2017.](https://millionrounds.com/company/zerohash) zerohash is a B2B digital asset infrastructure provider based in Chicago, Illinois, founded in 2017. *Founded* 2017 Chicago, United States **$104M** last round Sept 2025
- 4 [**Gnosis** Gnosis is a blockchain infrastructure company and DAO-builder founded in 2015, operating as a comprehensive Web3 ecosystem.](https://millionrounds.com/company/gnosis) Gnosis is a blockchain infrastructure company and DAO-builder founded in 2015, operating as a comprehensive Web3 ecosystem. *Founded* 2017 Berlin, Gibraltar **$100M** last round Jul 2022
- 5 [**0x** 0x is a blockchain technology company based in San Francisco, founded in 2016 by Will Warren and Amir Bandeali.](https://millionrounds.com/company/0x) 0x is a blockchain technology company based in San Francisco, founded in 2016 by Will Warren and Amir Bandeali. *Founded* 2016 San Francisco, United States **$70M** last round Apr 2022
- 6 [**BCB Group** BCB Group is a regulated financial services firm based in London, UK, founded in 2017.](https://millionrounds.com/company/bcb-group) BCB Group is a regulated financial services firm based in London, UK, founded in 2017. *Founded* 2017 London, United Kingdom **$59M** last round Jan 2022
- 7 [**Variational** Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives, built on Arbitrum.](https://millionrounds.com/company/variational) Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives, built on Arbitrum. *Founded* 2022 George Town, Cayman Islands **$52M** last round May 2026
- 8 [**BitGo** BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated](https://millionrounds.com/company/bitgo) BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated *Founded* 2013 Palo Alto, United States **$28M** last round Jan 2024
- 9 [**Tradier** Tradier is a cloud-based financial technology and brokerage firm based in Charlotte, North Carolina.](https://millionrounds.com/company/tradier) Tradier is a cloud-based financial technology and brokerage firm based in Charlotte, North Carolina. *Founded* 2012 Charlotte, United States **$28M** last round Apr 2023
- 10 [**Templum** Templum is an institutional-grade technology platform, infrastructure, and network for capital raising and secondary trading.](https://millionrounds.com/company/templum) Templum is an institutional-grade technology platform, infrastructure, and network for capital raising and secondary trading. *Founded* 2017 New York, United States **$24M** last round May 2026
- 11 [**Utila** Utila is a digital asset infrastructure platform founded in 2022, designed for fintechs, financial institutions, and Web3 builders.](https://millionrounds.com/company/utila) Utila is a digital asset infrastructure platform founded in 2022, designed for fintechs, financial institutions, and Web3 builders. *Founded* 2022 New York, United States **$22M** last round Sept 2025
- 12 [**SynFutures** SynFutures is a decentralized exchange (DEX) and financial infrastructure provider focused on decentralized derivatives trading.](https://millionrounds.com/company/synfutures) SynFutures is a decentralized exchange (DEX) and financial infrastructure provider focused on decentralized derivatives trading. *Founded* 2020 Singapore, Singapore **$22M** last round Oct 2023
- 13 [**Exegy** Exegy is a financial technology company that specializes in ultra-low-latency market data and trading infrastructure solutions.](https://millionrounds.com/company/exegy) Exegy is a financial technology company that specializes in ultra-low-latency market data and trading infrastructure solutions. *Founded* 2003 St. Louis, United States **$17M** last round Feb 2013
- 14 [**Caplight** Caplight is a financial technology company based in San Francisco, California, founded in 2021.](https://millionrounds.com/company/caplight) Caplight is a financial technology company based in San Francisco, California, founded in 2021. *Founded* 1986 San Francisco, United States **$16M** last round Jun 2026
- 15 [**Fractal Power** Fractal Power is a vertically integrated renewable energy company based in New York, NY, with a secondary location in Austin, TX.](https://millionrounds.com/company/fractal-power) Fractal Power is a vertically integrated renewable energy company based in New York, NY, with a secondary location in Austin, TX. *Founded* - New York, United States **$9.8M** last round Jan 2026
- 16 [**Bitlight Labs** Bitlight Labs is a new ecosystem based on the RGB protocol deployed on the BTC Lightning Network, with a primary focus on implementing the trading infrastructur](https://millionrounds.com/company/bitlight-labs) Bitlight Labs is a new ecosystem based on the RGB protocol deployed on the BTC Lightning Network, with a primary focus on implementing the trading infrastructur *Founded* 2023 London, United States **$9.6M** last round Sept 2025
- 17 [**RabbitX** RabbitX is a crypto trading platform that specializes in perpetuals and liquidity provision.](https://millionrounds.com/company/rabbitx) RabbitX is a crypto trading platform that specializes in perpetuals and liquidity provision. *Founded* 2021 New York, Singapore **$8.5M** last round Jan 2022
- 18 [**Bulk** BULK is a trading engine.](https://millionrounds.com/company/bulk) BULK is a trading engine. *Founded* - - **$8.0M** last round Sept 2025
- 19 [**Warlock Labs** Warlock Labs is a crypto-native software company based in Amsterdam, Netherlands.](https://millionrounds.com/company/warlock-labs) Warlock Labs is a crypto-native software company based in Amsterdam, Netherlands. *Founded* - Netherlands **$8.0M** last round Mar 2025
- 20 [**Hibachi** Hibachi is a blockchain-based trading company focused on creating the first stablecoin-native FX exchange.](https://millionrounds.com/company/hibachi) Hibachi is a blockchain-based trading company focused on creating the first stablecoin-native FX exchange. *Founded* 2023 New York, United States **$5.0M** last round Mar 2025
- 21 [**Konomi Network** Konomi Network is a decentralized financial protocol built on Substrate, operating within the Polkadot ecosystem.](https://millionrounds.com/company/konomi-network) Konomi Network is a decentralized financial protocol built on Substrate, operating within the Polkadot ecosystem. *Founded* 2017 Singapore, Singapore **$5.0M** last round Mar 2021
- 22 [**Orderly Network** Orderly Network is a next generation trading infrastructure.](https://millionrounds.com/company/orderly-network) Orderly Network is a next generation trading infrastructure. *Founded* 2022 Bahamas **$5.0M** last round Aug 2024
- 23 [**Flashnet** Flashnet is a company specializing in Bitcoin infrastructure, orchestration, and decentralized exchange.](https://millionrounds.com/company/flashnet) Flashnet is a company specializing in Bitcoin infrastructure, orchestration, and decentralized exchange. *Founded* 2024 Los Angeles, United States **$4.5M** last round Feb 2025
- 24 [**GoQuant** GoQuant is a Miami-based fintech company founded in September 2022 by Denis Dariotis.](https://millionrounds.com/company/goquant) GoQuant is a Miami-based fintech company founded in September 2022 by Denis Dariotis. *Founded* 2022 Miami, United States **$4.0M** last round May 2025
- 25 [**Shorter Finance** Shorter Finance is a 100% on-chain infrastructure from IPI Labs.](https://millionrounds.com/company/shorter-finance) Shorter Finance is a 100% on-chain infrastructure from IPI Labs. *Founded* 2017 New York, United States **$4.0M** last round Apr 2022
- 26 [**Canxchange** Canxchange is a London-based B2B market infrastructure and electronic trading platform that specializes in transactions for industrial hemp, CBD, and medical cannabis.](https://millionrounds.com/company/canxchange) Canxchange is a London-based B2B market infrastructure and electronic trading platform that specializes in transactions for industrial hemp, CBD, and medical cannabis. *Founded* 2019 London, United Kingdom **$3.9M** last round May 2025
- 27 [**tread.fi** Tread.fi provides high-performance algorithmic trading infrastructure for institutional digital asset firms.](https://millionrounds.com/company/tread-fi) Tread.fi provides high-performance algorithmic trading infrastructure for institutional digital asset firms. *Founded* 2022 New York, United States **$3.5M** last round Jul 2024
- 28 [**BridgePort** BridgePort is an institutional fintech infrastructure company that specializes in middleware solutions for the crypto market.](https://millionrounds.com/company/bridgeport) BridgePort is an institutional fintech infrastructure company that specializes in middleware solutions for the crypto market. *Founded* 2024 New York, United States **$3.2M** last round Jul 2025
- 29 [**Trever** Trever serves powerful digital asset infrastructure for financial institutions across Europe.](https://millionrounds.com/company/trever) Trever serves powerful digital asset infrastructure for financial institutions across Europe. *Founded* 2019 Graz, Austria **$2.6M** last round Jul 2024
- 30 [**Elys Network** Elys Network is a Singapore-based Web3 and DeFi company that aims to provide a user-centric finance experience on blockchain infrastructure.](https://millionrounds.com/company/elys-network) Elys Network is a Singapore-based Web3 and DeFi company that aims to provide a user-centric finance experience on blockchain infrastructure. *Founded* 2022 Singapore, Singapore **$2.5M** last round Jun 2024
- 31 [**Ultrade** ULTRADE is a Web3 and DeFi trading infrastructure company that provides a whitelabel, DeFi-as-a-Service platform for launching branded trading experiences.](https://millionrounds.com/company/ultrade) ULTRADE is a Web3 and DeFi trading infrastructure company that provides a whitelabel, DeFi-as-a-Service platform for launching branded trading experiences. *Founded* 2021 New York, United States **$2.4M** last round Sept 2022
- 32 [**Januar** Januar is a regulated EEA Payment Institute based in Copenhagen, Denmark, focused on providing financial infrastructure for crypto and web3 businesses across Europe.](https://millionrounds.com/company/januar) Januar is a regulated EEA Payment Institute based in Copenhagen, Denmark, focused on providing financial infrastructure for crypto and web3 businesses across Europe. *Founded* 2020 Copenhagen, Denmark **$1.6M** last round Feb 2024
- 33 [**Rug.ai** AI Powered Trading Infrastructure for Digital Assets](https://millionrounds.com/company/rug-ai) AI Powered Trading Infrastructure for Digital Assets *Founded* 2023 - **$1.1M** last round Mar 2024
- 34 [**Atomic Vaults** Atomic Vaults is a financial services and fintech company founded in 2021 and based in the United States.](https://millionrounds.com/company/atomic-vaults) Atomic Vaults is a financial services and fintech company founded in 2021 and based in the United States. *Founded* 2021 San Francisco, United States **$1.0M** last round Jan 2022
- 35 [**Flowtrade.ai** FLOWTRADE is AI-native trading infrastructure that converts predictive intelligence into governed execution.](https://millionrounds.com/company/flowtrade-ai) FLOWTRADE is AI-native trading infrastructure that converts predictive intelligence into governed execution. *Founded* 2022 Charlotte, United States **$600K** last round Dec 2024
- 36 [**Stoa (YC S26)** Stoa is building pricing and trading infrastructure for AI infrastructure assets, starting with GPU hardware.](https://millionrounds.com/company/stoa-yc-s26) Stoa is building pricing and trading infrastructure for AI infrastructure assets, starting with GPU hardware. *Founded* 2026 San Francisco, United States **$500K** last round Jun 2026
- 37 [**CrypDefi** CrypDefi is a Belgium-based fintech startup founded in 2024, specializing in self-custody execution infrastructure for institutional trading firms, particularly](https://millionrounds.com/company/crypdefi) CrypDefi is a Belgium-based fintech startup founded in 2024, specializing in self-custody execution infrastructure for institutional trading firms, particularly *Founded* 2024 Brussels, Belgium **$350K** last round Aug 2025
- 38 [**MEENA TECHNOLOGIES** World-Class Expertise Our platform is born from collaboration between technologists, quantitative analysts, and systems engineers who have spent decades buildin](https://millionrounds.com/company/meena-technologies) World-Class Expertise Our platform is born from collaboration between technologists, quantitative analysts, and systems engineers who have spent decades buildin *Founded* 2025 London, United Kingdom **$330K** last round Dec 2025
- 39 [**THETA Trading Systems** THETA Trading Systems is a financial technology firm based in London, England, specializing in capital markets infrastructure.](https://millionrounds.com/company/theta-trading-systems) THETA Trading Systems is a financial technology firm based in London, England, specializing in capital markets infrastructure. *Founded* 2019 United Kingdom **$173K** last round Jun 2021
- 40 [**NettyWorth** NettyWorth is a blockchain and AI-powered loan infrastructure company based in San Francisco.](https://millionrounds.com/company/nettyworth) NettyWorth is a blockchain and AI-powered loan infrastructure company based in San Francisco. *Founded* 2021 San Francisco, United States **$116K** last round Jan 2024
- 41 [**Exchangery** The Exchangery offers a unique approach to starting a commodities exchange.](https://millionrounds.com/company/exchangery) The Exchangery offers a unique approach to starting a commodities exchange. *Founded* 2011 Chicago, United States **$75K** last round Jun 2011

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose own description names this theme, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

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## More lists worldwide

[See all](https://millionrounds.com/top-lists?r=Global)

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