Passionate about change. Passionate about our customers.

Tokenovate is a financial services technology company providing digital 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.

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.

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Richard Baker

Founder & CEO at Tokenovate

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.

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Richard Baker

Founder & CEO at Tokenovate

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).

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Richard Baker

Founder & CEO at Tokenovate

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.

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Richard Baker

Founder & CEO at Tokenovate

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.

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Richard Baker

Founder & CEO at Tokenovate
Blog

Insights, ideas and opinions

Read what the team at Tokenovate is researching, reading about and discussing at work.
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Voluntary Carbon Standards Initiatives Are Still Too Complex
Methodologies, standards and regulatory initiatives must be harmonised for voluntary carbon markets to work efficiently
Two important carbon-related announcements were made in late February.  The first was issued by the European Council and European Parliament who reached a provisional political agreement to establish the first EU-level certification framework for permanent carbon removals, carbon farming and carbon storage in products. The voluntary framework is intended to facilitate and speed up the…
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A Blog from Brussels
Reflections by Richard Baker. On the 20th of February, Tokenovate attended an event at the European Parliament in Brussels titled “The Future of Digital Finance Strategy of the EU: A Global Perspective”. The event was hosted by the Global Blockchain Business Council (GBBC) in collaboration with Ondrej Kovařík, MEP, who sits on the EU’s Committee…
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A Tokenovate podcast double!
Tokenovate featured in Fintech TV and Untangling Web3 Earlier this week, not one but two different interviews featuring Tokenovate Founder and CEO Richard Baker were published. You can listen to them both below. In Alec and Jack's Untangling Web3 podcast, they covered how to revamp derivatives trading using blockchain, smart contracts and tokenisation of digital…
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