Today we operate from two UK offices: Cambridge for product and engineering, and London for sales and marketing.
The idea for Tokenovate began 20 years ago when Richard and Gerard first worked together in the telecoms industry. In 2010, Richard launched ClearTrade Exchange, a regulated futures market platform for commodities, which was acquired by European Energy Exchange AG (a Deutsche Börse company) in 2016. Meanwhile, Gerard ran a consultancy managing multi-billion pound projects for clients like RBS, HMRC, Vodafone, and BP.
In recent years, initiatives like the FINOS Common Domain Model and advancements in blockchain technology have reshaped derivatives trading. Recognising these changes, Richard and Gerard reconnected in 2021 and saw a chance to enhance operational efficiency in the derivatives market, leading to the birth of Tokenovate.
