Engineering out mutualised risk in clearing

When you are up night after night solving the problem of how to scale clearing for crypto and traditional products.

Pretty certain we’ve solved it. Great guys to work with.

The secret is how to you engineer out mutulised risk. The socialisation of loss fundamentally breaks clearing. Whether you are trading crypto and facing ADL or you have non-vanilla swaps that don’t fit into a traditional clearing structure. If you eliminate the mutualisation it all scales.

It’s cheaper to post margin, it’s cheaper to launch with no contributions, and it’s all possible to be regulated and inside the rules.

Pushing our updated seed deck tomorrow.

Time for a new solution to an age old problem, how do you handle systemic risk without socialised losses. We have the solution.

Anyone looking to actually back major infrastructure in crypto and traditional finance crossover DM me.

Very passionate about this space after 20 years looking at this problem.

This first appeared on LinkedIn on 19 February 2026. If you want to comment or discuss, that’s the place.