§ 01 / Principles
Four principles, enforced.
PRINCIPLE · 01
Institutions own the logic
Mandates, risk, and execution policy are yours. Codified, signed, and versioned. OnTrade never sees your intent.
PRINCIPLE · 02
Confidentiality is primitive
Order flow is encrypted before it touches any venue. FHE is not a feature we added; it is where we started.
PRINCIPLE · 03
Compliance is deterministic
If a mandate forbids it, it does not execute. No flags, no reconciliation, no exceptions. Policy at protocol speed.
PRINCIPLE · 04
Open by construction
We integrate through standards (FIX, ISO 20022, EVM, MPC custody) and stay out of the way.
§ 02 / Team
Built by operators.
01
Executive Leadership
Former institutional trading heads · market-structure strategists
DIV · A1
02
Cryptography & FHE
PhDs in lattice cryptography · ex-privacy-protocol leads
DIV · A2
03
Market Infrastructure
Ex-Nasdaq, Virtu, LCH, ICE · distributed-systems engineers
DIV · A3
04
Compliance & Policy
Former regulators · institutional-grade audit and mandate design
DIV · A4
05
Institutional Sales
20+ years across prime brokerage, custody, asset management
DIV · A5
§ 03 / Timeline
Select milestones.
2024 · Q2
FOUNDED
Research phase. FHE-based institutional execution prototype.
2024 · Q4
OMA v0.1
First mandate-as-code engine, deployed in internal testnet.
2025 · Q2
STN v0.1
Encrypted price discovery across three institutional counterparties.
2025 · Q4
PILOT COHORT
First three regulated institutions onboarded under scoped pilots.
2026 · Q1
OMA × STN v0.9
Tightly coupled rail. Seven active institutional pilots in discussion.
2026 · Q4
ACCESS TESTING
Scoped cohort of regulated institutions onboarded for live access testing.
2027 · Q2
OMA × STN v1.0
General availability for regulated counterparties. Cross-venue atomic settlement at scale.
2028 · Q1
NETWORK MATURITY
Institutional ecosystem operating sovereign execution as default infrastructure.
§ 06 / Access testing
Join the waitlist for access testing.
Early access is rolling out to a small cohort of institutions. Drop your details and we'll coordinate briefings and pilot onboarding as your category opens.