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