It all started a long time ago… Almost 20 years ago in fact, Tokenovate’s founder Richard Baker and co-founder Gerard Banaszkiewicz worked together in the telecoms market. Even though they eventually pursued different professional paths, they always remained in touch.
Passionate about change. Passionate about our customers.
Tokenovate is a financial services technology company providing distributed financial market infrastructure, enabling programmatic lifecycle event management of the pre-trade to post-trade workflow for OTC and Exchange traded derivatives. We are driven by a relentless focus on delivering solutions that solve hard problems.
Our Story
We're a young company, with a long story. Get to know Tokenovate and our journey from inception to innovation.
In 2010, Richard created the Cleartrade Exchange, a regulated futures market offering a global electronic market platform for commodities. In 2016, Cleartrade was acquired by the European Energy Exchange AG, a Deutsche Börse Group Company, and Richard ventured out into new adventures. But he never completely lost touch with the derivatives market.
At the same time, Gerard was running his own company, being operationally responsible for multi-billion pound projects across multiple markets, with customers including Royal Bank of Scotland, HMRC, Vodafone and BP (to name just a few).
For the last few years, ISDAⓇ has embarked on an ambitious project to standardise, digitise and automate how derivatives are traded and managed across the trade lifecycle. The ISDA Common Domain Model (CDM) was born.
So when Richard and Gerard came together again in 2021, they realised that these two parallel developments had opened up an opportunity to solve a problem they both felt passionate about: to improve operational efficiency for the derivatives market. The idea behind Tokenovate was born.
Blog
Insights, ideas and opinions
Read what the team at Tokenovate is researching, reading about and discussing at work.
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Tokenovate supports Master students at UCL
For a few months earlier this year, we supported a couple of students writing their Master’s dissertation in Financial Technology at University College London (UCL). Under the supervision of Dr Christopher Clack, who incidentally co-authored the piece that inspired Richard Baker to start Tokenovate, and with the help of our product gurus John and Stephen,…
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Facilitating smart climate action
It's clear we all have to take climate actions to drive society towards a low-carbon economy. Actually, we all have to take smart climate actions to achieve global net zero emissions and nature related commitments. Recently, the City of London Corporation launched its Global City initiative; a visionary and necessary programme to ensure London continues…
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How maturing blockchains can speed-up settlement and improve collateral management
With the growing maturity of blockchains - both in terms of available technology and public perception - is the timing now right to address the problems associated with delayed settlements? And, can blockchain-based solutions also enhance the way collateral is managed? The market problems with T+2 are well-known: inefficient, inaccurate and incomplete processes cost money,…
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