On behalf of the Interchange team, I’m thrilled to share two major milestones in our journey to building the future of US financial market infrastructure: we have raised $17M in seed funding, and our wholly-owned subsidiary, Interchange Clearing LLC, has received all necessary membership approvals, including Financial Industry Regulatory Authority, Inc. (FINRA), The Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC), and Nasdaq Stock Market LLC (NQX).

Our seed round includes participation from MS&AD Ventures, BoxGroup, Plug and Play Ventures, Liquid2, and several family offices, as well as founders and executives from successful fintech companies such as Ramp, Mercury, OnePay, AngelList, Titan, Carry, among others. We’re grateful for their support and conviction in our mission.

Interchange is building a modern correspondent clearing firm and developer platform with direct connectivity to U.S. financial markets—purpose-built to power the next generation of securities-based products.

We are actively partnering with broker-dealers, investment advisers, banks, trust companies, and fintechs in the U.S., and internationally, who want to deliver differentiated and market-leading investing experiences to their customers.

We have a simple goal at Interchange: build the world-class product our industry has always needed but has never had.

We believe a world-class product should help you launch faster, run smoother, operate at the frontier of innovation, and increase your revenue.

We will do our best to live up to this promise.

If you’re interested in building with Interchange, you can request access to our sandbox API and developer portal, or reach out to me personally to learn more.

Thank you to our investors, partners, regulators and the entire Interchange team for their dedication as we work toward our planned launch in 2026.

Michael H. Giles
Founder & CEO