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Provable Markets completes Series B funding with DTCC support
29 July 2026 US
Image: Dilok/stock.adobe.com
Provable Markets, operator of the securities finance platform Aurora, has completed its Series B funding round.
The investment was led by Charles Schwab, with participation from new investor, the Depository Trust and Clearing Corporation (DTCC), and existing investors Dialectic Capital Management, Inkef, and others.
Aurora has posted new records across four consecutive quarters on its alternative trading system, processing over US$30 trillion in monthly order volume.
Howard Kennedy, managing director, securities lending, Charles Schwab, says: “At Schwab, we value supporting innovative firms and technology that strengthen the financial services ecosystem and enable Schwab to meet the needs of our clients.
“Provable Markets supports that objective by helping modernise securities finance workflows through automation, connectivity, and scalable solutions, improving capital market efficiency and execution quality.”
Provable Markets facilitates end-to-end securities finance workflows through a fully cloud-native offering, with connectivity to DTCC’s clearing agency subsidiaries, National
Securities Clearing Corporation and The Depository Trust Company, the OCC, and triparty agents.
Brian Steele, managing director, president, clearing and securities services at DTCC, states: “As demand for securities financing transactions continues to grow, market participants are increasingly seeking solutions that improve capital efficiency while reducing operational complexity.
“Provable Markets’ integration with DTCC’s SFT Clearing Service helps participants streamline post-trade processing and unlock the balance sheet benefits of central clearing.
“By supporting and connecting to innovative platforms like Provable, we are helping create a more efficient and scalable securities finance ecosystem that can support continued growth across the market.”
The Series B round will help Provable grow its commercial, product and engineering headcount to support the growth of its client base and related services.
The funds will also drive additional product and geographical expansion.
Matt Cohen, Co-Founder and CEO, Provable Markets, comments: “Charles Schwab and DTCC’s investment validate and fuels our next stage of growth to execute on our vision of becoming core market infrastructure for the rapidly expanding securities finance landscape and beyond.”
The investment was led by Charles Schwab, with participation from new investor, the Depository Trust and Clearing Corporation (DTCC), and existing investors Dialectic Capital Management, Inkef, and others.
Aurora has posted new records across four consecutive quarters on its alternative trading system, processing over US$30 trillion in monthly order volume.
Howard Kennedy, managing director, securities lending, Charles Schwab, says: “At Schwab, we value supporting innovative firms and technology that strengthen the financial services ecosystem and enable Schwab to meet the needs of our clients.
“Provable Markets supports that objective by helping modernise securities finance workflows through automation, connectivity, and scalable solutions, improving capital market efficiency and execution quality.”
Provable Markets facilitates end-to-end securities finance workflows through a fully cloud-native offering, with connectivity to DTCC’s clearing agency subsidiaries, National
Securities Clearing Corporation and The Depository Trust Company, the OCC, and triparty agents.
Brian Steele, managing director, president, clearing and securities services at DTCC, states: “As demand for securities financing transactions continues to grow, market participants are increasingly seeking solutions that improve capital efficiency while reducing operational complexity.
“Provable Markets’ integration with DTCC’s SFT Clearing Service helps participants streamline post-trade processing and unlock the balance sheet benefits of central clearing.
“By supporting and connecting to innovative platforms like Provable, we are helping create a more efficient and scalable securities finance ecosystem that can support continued growth across the market.”
The Series B round will help Provable grow its commercial, product and engineering headcount to support the growth of its client base and related services.
The funds will also drive additional product and geographical expansion.
Matt Cohen, Co-Founder and CEO, Provable Markets, comments: “Charles Schwab and DTCC’s investment validate and fuels our next stage of growth to execute on our vision of becoming core market infrastructure for the rapidly expanding securities finance landscape and beyond.”
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