Convergence
Convergence is a fully on-chain Request-for-Quote liquidity network that connects market makers and takers, supporting options, futures, perpetuals, swaps, and NFTs with multi-leg structure building, an integrated SPAN Risk Engine, and venue-agnostic clearing for institutional-grade DeFi execution.
- Company typePrivate
- Founded2022
- HeadquartersGrand Cayman, Cayman Islands
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Convergence does
Convergence is building a fully on-chain Request-for-Quote (RFQ) liquidity network intended to provide institutional-grade execution for illiquid and large DeFi trades. The platform allows market makers to post competitive bids against taker RFQs and supports spot, perpetuals, options, and NFTs, with counterparties able to select any protocol marketplace as a clearing venue through a single OTC-style interface. Core technical components include an Advanced RFQ Builder for single- and multi-leg structures, Market Maker Auctions for competitive quote discovery, planned Zero Knowledge Transactions for pre-settlement hedging privacy (V3), and an integrated SPAN Risk Engine that calculates collateral ratios and enables capital-efficient exotic strategies such as call spreads, butterflies, and autocallables. Convergence positions itself as middleware rather than a venue, explicitly contrasting itself against aggregators that split and route orders across venues; instead, it routes matched RFQs to a chosen clearing venue while retaining transparency and KYS'd counterparties.
The company is privately held, founded in 2022, with operational presence on the US East Coast and a remote-friendly model, and is legally based in Grand Cayman, Cayman Islands. Headcount is in the 1-10 range, with two open roles (Growth Hacker and Quantitative Analyst) advertised remotely. The product is currently on testnet (devnet.convergence.so); mainnet launch timing is not disclosed in the sources. Backers include C2 Ventures, Peer Ventures, Auros, Big Brain Holdings, Israeli Blockchain Association, Scensice Asset, and Cogitent Ventures, with technology and audit partnerships with hxro, psyoptions, vertex, and Auros.
The business model is undefined in revenue terms: the platform currently charges zero transaction fees for trading and swapping, and no subscription, listing, or take-rate structure is publicly disclosed. The stated revenue stream is "platform transaction fees," but these are not currently activated. Go-to-market is product-led and community-led, with a self-serve testnet accessible globally, distribution conducted through Discord, Telegram, Medium, and a newsletter, and onboarding targeted at four primary segments: market makers, protocols and DeFi projects, takers/traders, and liquidity providers. Given the pre-mainnet status, absence of fees, small team, and undisclosed funding size, revenue is most accurately characterized as pre-revenue with no ARR or GMV figures available.
Convergence firmographics
Firmographics- Name
- Convergence
- Legal name
- Convergence
- Website
- https://convergence.so
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Convergence is a fully on-chain Request-for-Quote liquidity network that connects market makers and takers, supporting options, futures, perpetuals, swaps, and NFTs with multi-leg structure building, an integrated SPAN Risk Engine, and venue-agnostic clearing for institutional-grade DeFi execution.
- Ownership category
- akta.pro rank
Convergence industry classification
Industry- Product category
- Decentralized Finance (DeFi) Trading Infrastructure
- NAICS
- Commodity Contracts Intermediation (523160), Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Liquidity Infrastructure (RFQ, order-book engines, matching, liquidity-as-a-service) (FSAPADAI)
- akta.pro secondary industries
- Derivatives Liquidity Provision, Market Making & RFQ Desks (FSADAGAJ), RFQ & Request-for-Stream Trading Platforms (FSAFANAJ), Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB)
Keywords
Where Convergence is headquartered
LocationHeadquarters
- HQ city
- Grand Cayman
- HQ country
- Cayman Islands
Offices1 record
Markets served
Convergence business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform transaction fees: Currently no transaction fees are charged. The platform offers zero-fee trading and swapping of crypto assets. Revenue model details are not explicitly disclosed in available sources.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Zero Fee Trading |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Convergence product offering
Product offeringCore offering
Convergence operates Convergence RFQ, a fully on-chain Request for Quote liquidity network that enables market makers and DeFi protocols to trade spot, perpetuals, options, and NFTs through an OTC-style system. The platform supports multi-leg derivatives structures, competitive market maker auctions, on-chain clearing venue selection, and an integrated SPAN Risk Engine for collateral and capital efficiency. Trades are currently zero-fee with KYS'd counterparties and on-chain transparency.
Product overview
Convergence is a single unified product offering: Convergence RFQ, a fully-on-chain liquidity network for institutional-grade DeFi trading. The platform comprises several interconnected modules including the Advanced RFQ Builder for creating multi-leg options, futures, and perpetual structures; Market Maker Auctions for competitive bid discovery; Zero Knowledge Transactions for privacy-preserving hedging; and the SPAN Risk Engine for collateral optimization. The system also includes trading products for Swaps, Options, and Auctions. Unlike aggregators that split orders, Convergence operates as an OTC-style plugin where counterparties can select any protocol marketplace as a clearing venue, specifically designed for illiquid, large, or complex trades across spot, perpetuals, options, and NFTs.
Differentiator
Problem solved
Functional benefit
Products and services
- Convergence RFQ
Quantifiable outcome
- Lower cost of capital for takers due to efficient market maker network
Companies that use Convergence
Customer profileSegments4 records
Ideal customer profiles3 records
Convergence technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature4 records
Convergence partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights6 records
Convergence competitors and assessment
Company assessmentMarket position
Weaknesses5 records
Competitive moat4 records
Key risks2 records
Key highlights6 records
Customer concentration
Convergence social profiles
Digital presenceConvergence financial estimates
Financial estimateRevenue estimate
Valuation estimate
Convergence leadership team
Management profileNumber of profiles
Profiles1 record
Convergence funding detail
Funding detailFunding overview
Funding rounds1 record
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Convergence 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 Convergence
What does Convergence do?
Convergence operates Convergence RFQ, a fully on-chain Request for Quote liquidity network that enables market makers and DeFi protocols to trade spot, perpetuals, options, and NFTs through an OTC-style system. The platform supports multi-leg derivatives structures, competitive market maker auctions, on-chain clearing venue selection, and an integrated SPAN Risk Engine for collateral and capital efficiency. Trades are currently zero-fee with KYS'd counterparties and on-chain transparency.
Is Convergence a public or private company?
Convergence is a private company. It is classified as venture growth investor backed and is currently operating.
When was Convergence founded?
Convergence was founded in 2022. It employs 11 to 50 people.
Where is Convergence based?
Convergence is headquartered in Grand Cayman, Cayman Islands.
How does Convergence make money?
One revenue line is on record: platform transaction fees.
Does Convergence have an API?
No public API is recorded for Convergence.
What industry is Convergence in?
Convergence's product category is Decentralized Finance (DeFi) Trading Infrastructure. Its primary akta.pro industry code is FSAPADAI, Liquidity Infrastructure (RFQ, order-book engines, matching, liquidity-as-a-service), with a secondary code of FSADAGAJ, Derivatives Liquidity Provision, Market Making & RFQ Desks. Its NAICS code is 523160 and its SIC code is 6200.