OneChronos has raised $32 million in a recent funding round as it seeks to enhance its offering.
The capital is set to “optimise growth and expand trading opportunities” as the company looks to bolster its core business segments and grow in new markets “where current trading mechanisms leave significant value untapped”.
Specifically, OneChronos is planning to launch new Smart Markets for other asset classes and geographies in addition to equities.
“This funding validates our team’s progress in traditional capital markets and will help us achieve our vision of leveraging advances in market design and AI to find trade efficiencies that grow the global economy,” said Kelly Littlepage, chief executive and co-founder of OneChronos.
“We’ve demonstrated how Smart Markets can transform trading in equities. Now we’re ready to bring these same innovations to other markets where traditional trading mechanisms leave significant value on the table.”
To date, OneChronos has facilitated more than $500 billion in institutional securities transactions.
The business also continues to see strong month-over-month volume growth according to recent statistics.