Provable Markets and BetaNXT join forces
24 June 2025 UK
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BetaNXT, a wealth management technology solutions provider, has partnered with Provable Markets to support a real-time integrated solution.
The partnership will allow mutual clients to have access to the Depository Trust & Clearing Corporation's (DTCC's) National Securities Clearing Corporation (NSCC) Securities Financing Transaction (SFT) clearing service.
Financial services firms will have direct connectivity to Provable's securities lending platform with end-to-end, straight-through processing, in which the NSCC acts as the central counterparty.
While BetaNXT is one of the largest processors by volume at the DTCC, Provable Markets is an authorised access point to NSCC's SFT clearing service.
Bob Santella, CEO of BetaNXT, comments: “BetaNXT continues to seek meaningful partnerships with industry leaders, such as Provable Markets, that deliver operational efficiencies and mitigate risk throughout the financial services and wealth management ecosystem.
“This integrated new solution provides a viable alternative to traditional securities financing which is both efficient and safe.”
Provable Markets offers a suite of cloud native real-time trade matching, fully automated lifecycle management, and post-trade transparency for the front, middle, and back offices.
“We are excited to team up with BetaNXT to enable more financial institutions and wealth enterprises the chance to benefit from a frictionless, secure, and risk-mitigated experience for processing and managing their securities lending programmes,” says Matt Cohen, co-founder and CEO of Provable Markets.
“Our mission is to build solutions that help our clients do more, better and faster — and BetaNXT's track record, aligns with our commitment to making this market easier to enter and more efficient for participants.”
The partnership will allow mutual clients to have access to the Depository Trust & Clearing Corporation's (DTCC's) National Securities Clearing Corporation (NSCC) Securities Financing Transaction (SFT) clearing service.
Financial services firms will have direct connectivity to Provable's securities lending platform with end-to-end, straight-through processing, in which the NSCC acts as the central counterparty.
While BetaNXT is one of the largest processors by volume at the DTCC, Provable Markets is an authorised access point to NSCC's SFT clearing service.
Bob Santella, CEO of BetaNXT, comments: “BetaNXT continues to seek meaningful partnerships with industry leaders, such as Provable Markets, that deliver operational efficiencies and mitigate risk throughout the financial services and wealth management ecosystem.
“This integrated new solution provides a viable alternative to traditional securities financing which is both efficient and safe.”
Provable Markets offers a suite of cloud native real-time trade matching, fully automated lifecycle management, and post-trade transparency for the front, middle, and back offices.
“We are excited to team up with BetaNXT to enable more financial institutions and wealth enterprises the chance to benefit from a frictionless, secure, and risk-mitigated experience for processing and managing their securities lending programmes,” says Matt Cohen, co-founder and CEO of Provable Markets.
“Our mission is to build solutions that help our clients do more, better and faster — and BetaNXT's track record, aligns with our commitment to making this market easier to enter and more efficient for participants.”
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