OpenFinance
OpenFinance operates a secondary-market trading platform for digital alternative assets, headquartered in Chicago. Founded in 2014, the private fintech serves issuers and investors seeking to trade tokenized or digital representations of alternative investments, with a disclosed headcount of 11-50 employees.
- Company typePrivate
- Founded2014
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
OpenFinance firmographics
Firmographics- Name
- OpenFinance
- Website
- https://openfinance.io
- Company type
- Private
- Founded year
- 2014
- Headcount range
- 11–50 employees
- Short description
- OpenFinance operates a secondary-market trading platform for digital alternative assets, headquartered in Chicago. Founded in 2014, the private fintech serves issuers and investors seeking to trade tokenized or digital representations of alternative investments, with a disclosed headcount of 11-50 employees.
- Ownership category
- akta.pro rank
OpenFinance industry classification
Industry- Product category
- Alternative Asset Trading Platform
- NAICS
- Securities and Commodity Exchanges (5232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Prime Financing & Credit Intermediation (Institutional) (FSADAJAH)
- akta.pro secondary industry
- Private Banking Alternatives & Private Markets Access (PE/VC, Hedge Funds, Real Assets) (FSABADAH)
Keywords
Where OpenFinance is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Markets served
OpenFinance business model
Business model- GTM type
- B2B
- Offering type
- Software
OpenFinance product offering
Product offeringCore offering
OpenFinance operates a secondary market trading platform for digital alternative assets, enabling the trading of tokenized and digital securities. The company provides infrastructure for secondary liquidity in private and alternative investment instruments that traditionally lack easy transferability.
Differentiator
Problem solved
Functional benefit
Products and services
- OpenFinance Secondary Market Trading Platform
OpenFinance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
OpenFinance competitors and assessment
Company assessmentBroad incumbents
- Kraken: Kraken is a global incumbent crypto exchange increasingly expanding into security tokens and institutional services, a broad threat to specialist venues like OpenFinance.
- Coinbase: Coinbase is a major incumbent digital asset exchange with growing capabilities in tokenized securities and alternative assets, representing competitive pressure from a much larger platform.
Direct peers
- tZERO: tZERO operates a blockchain-enabled alternative trading system for digital securities, directly competing with OpenFinance in providing secondary liquidity for tokenized and private assets.
- Securitize: Securitize provides digital asset issuance and secondary trading infrastructure for private and alternative securities, overlapping directly with OpenFinance's issuance-to-secondary workflow.
- Forge (formerly SharesPost): Forge operates a leading secondary marketplace for private company shares, sharing OpenFinance's core business model of providing liquidity for illiquid alternative assets.
- EquityZen: EquityZen facilitates secondary transactions in pre-IPO and private company shares, comparable to OpenFinance's secondary market focus on digital alternative assets.
Emerging players
- Templum: Templum operates an alternative trading system focused on digital securities and private company shares, overlapping with OpenFinance's regulatory and product positioning.
- Bitfinex Securities: Bitfinex Securities operates a regulated platform for tokenized security offerings, providing a comparable secondary venue for digital alternative assets.
- INX: INX is a regulated digital asset trading platform offering security token listings and secondary trading, intersecting with OpenFinance's market niche.
- Securrency: Securrency provides digital asset and tokenization infrastructure that supports issuance and secondary trading of alternative assets, comparable to OpenFinance's underlying technology stack.
Market position
Customer concentration
OpenFinance social profiles
Digital presenceOpenFinance financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenFinance leadership team
Management profileNumber of profiles
OpenFinance funding detail
Funding detailFunding overview
Funding rounds5 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenFinance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OpenFinance
What does OpenFinance do?
OpenFinance operates a secondary market trading platform for digital alternative assets, enabling the trading of tokenized and digital securities. The company provides infrastructure for secondary liquidity in private and alternative investment instruments that traditionally lack easy transferability.
When was OpenFinance founded?
OpenFinance was founded in 2014. It employs 11 to 50 people.
Where is OpenFinance based?
OpenFinance is headquartered in Chicago, United States, in the North America region.
Who are OpenFinance's main competitors?
Broad incumbents on record are Kraken and Coinbase. Direct peers are tZERO, Securitize, Forge (formerly SharesPost) and EquityZen. Emerging players are Templum, Bitfinex Securities, INX and Securrency.
Does OpenFinance have an API?
No public API is recorded for OpenFinance.
What industry is OpenFinance in?
OpenFinance's product category is Alternative Asset Trading Platform. Its primary akta.pro industry code is FSADAJAH, Prime Financing & Credit Intermediation (Institutional), with a secondary code of FSABADAH, Private Banking Alternatives & Private Markets Access (PE/VC, Hedge Funds, Real Assets). Its NAICS code is 5232 and its SIC code is 6200.