Technology · build log
What we've built.
What we're building.
2022
2022 ·
Foundations
COMPLETE- ✓01/2022Seed funding round — €1M raised
- ✓04/2022TXNET FZE registered · Dubai Silicon Oasis
- ✓04/2022Matching engine v1 — development started
- ✓04/2022Frontend mockup (MVP) — development started
- ✓04/2022Backend development started
- ✓04/2022IT infrastructure deployment started
- ✓07/2022Dubai Trade License (15361) · DSO office leased
- ✓09/2022Matching engine v1 finished — 15K Tx/s per pair
- ✓09/2022Frontend mockup (MVP) finished
- ✓10/2022Matching engine v2 — development started
- ✓10/2022Frontend development (MVP) started
- ✓10/2022Banking established — Mashreq Bank, Dubai
2023
2023 ·
Engineering
COMPLETE- ✓02/2023Matching engine v2 finished — 300K+ Tx/s per pair
- ✓02/2023IT infrastructure deployment finished
- ✓06/2023Lithuanian crypto license — acquisition started
- ✓07/2023Data infrastructure (MVP) — development started
- ✓11/2023Data infrastructure (MVP) — development finished
- ✓12/2023European IP registration — process started
2024
2024 ·
Compliance
COMPLETE- ✓04/2024Backend development (MVP) finished
- ✓04/2024Lithuanian banking — Bilderlings Pay Ltd
- ✓05/2024Frontend development (MVP) finished
- ✓05/2024MVP presented to shareholders
- ✓06/2024Lithuanian crypto license — acquisition finished
- ✓06/2024TXNET UAB · Lithuanian subsidiary registered
- ✓06/2024Execution engine — internal technical demo
- ✓07/2024European IP registration finished (No 018992175)
2025
2025 ·
Distribution & Capital
COMPLETE- ✓11/2025First institutional LOI — Swiss private bank · $4B+ AUM
Q1 2026
Q1 2026 ·
Infrastructure
COMPLETE- ✓Matching engine v3 — benchmark + hardening
- ✓Custody integration — technical work
- ✓KYC/AML pipeline — technical integration
- ✓Internal technical alpha (engineering)
Q2 2026
Q2 2026 ·
Engineering & fundraising
IN PROGRESS- ▸Strategic capital round — in progress
- ▸Matching engine — throughput & resilience work
- ▸Data and observability infrastructure
- ▸Adaptive interface engine — R&D
Beyond
Beyond ·
Subject to authorisation
CONCEPT- ▸Continued engineering of the execution stack
- ▸Adaptive interface engine — Casual / Active / Institutional
- ▸Pursuit of the regulatory authorisations required to operate
- ▸Any service offering is conditional on obtaining those approvals