Tokenovate has been named in the Top 10 of TechRound’s FinTech50 2026.
We are grateful for the inclusion on the list, and Team Tokenovate is very excited for what’s yet to come, especially after the launch of our new Workflows-as-a-Service.
About TechRound and the FinTech50
TechRound has covered UK startups since 2016, with a readership that skews toward founders, operators, and the investors who follow them. Their annual FinTech50 ranks 50 companies across financial services, assessed by a panel drawn from fintech, banking, and investment. It’s not self-reported or vote-based, which puts it in a different category from most industry rankings. Out of that field, we came tenth.
The problem we’re built around
Post-trade processing remains one of capital markets’ most persistent structural problems. A single trade passes through custodians, brokers, administrators, and internal teams, each maintaining their own records in disconnected systems. Firms typically duplicate trade data across 10 to 12 internal systems. More than 20% of settlement failures trace back to data and matching issues. The industry spends between $6 and $9 billion a year managing this overhead, and settlement failures still cost around $3 billion annually in penalties and operational drag.
Regulatory pressure is sharpening the consequences. The shift to T+1 in the US last year, and in the UK and EU next year compresses the window for confirmation, matching, and settlement without changing the fragmented architecture that those processes run on. CSDR (Central Securities Depositories Regulation) applies financial penalties for settlement failures in European markets, turning what was previously an operational inconvenience into a direct financial risk.
The problem is not a lack of awareness. It is the persistence of fragmented operating models that were never designed for automated, deterministic processing.
Tokenovate was founded to address the structural cause. Our Workflows-as-a-Service model turns agreed legal terms into automated actions, driven natively by a Unified Trade Record and the Common Domain Model (CDM). Each lifecycle event triggers the next without manual intervention. Every counterparty works from the same authoritative trade state in real time, reducing reconciliation overhead, improving data integrity, and enabling earlier liquidity release.
Twelve months of execution
In November last year, we launched Novat, our programmable settlement protocol. It executes contractual obligations as atomic, single-use events — deterministic by design, with shorter settlement cycles as a consequence. A settlement that is programmable rather than instructed completes when conditions are met, not when someone gets around to confirming it. For markets moving toward T+0, that distinction is increasingly material.
We were also selected as one of 18 participants in the Bank of England’s RTGS Synchronisation Lab, exploring how coordinated cash and asset movements linked to central bank money could support automated wholesale settlement and collateral workflows. Getting cash and securities to move together in a single atomic step is one of the harder problems in market infrastructure. Working through it alongside the Bank of England in a live experimental environment is exactly the kind of engagement that matters at this stage of the industry’s development.
Neither of these is a “press release milestone”. They are proof points in a longer argument: that deterministic, standards-based processing is technically viable, regulators are willing to engage with it seriously, and the infrastructure to support it is being built now.
What the recognition means
The FinTech50 judges noted that the strongest positions in fintech belong to companies that banks, regulators, and other fintechs genuinely depend on. That framing is right. The path to becoming operationally embedded in capital markets infrastructure is built through standards work, regulatory engagement, and delivering deterministic outcomes at the workflow level.
For the Tokenovate team, this ranking reflects a year of substantive execution. The more important markers are the Bank of England lab participation, the launch of Novat, and the CDM standards work that underpins both. The FinTech50 recognition sits alongside those, a valuable external signal that the direction is spot-on.