Convergence

Decentralized Finance (DeFi) Trading Infrastructureconvergence.so

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

DeFi liquidity network
On-chain derivatives trading
RFQ trading protocol
Crypto market making
Blockchain derivatives infrastructure

Where Convergence is headquartered

Location

Headquarters

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 offering

Core 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 profile

Segments4 records

Ideal customer profiles3 records

Convergence technology and API

Technology

Technology 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 signal

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Convergence competitors and assessment

Company assessment

Market position

Weaknesses5 records

Competitive moat4 records

Key risks2 records

Key highlights6 records

Customer concentration

Convergence financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Convergence leadership team

Management profile

Number of profiles

Profiles1 record

Convergence funding detail

Funding detail

Funding 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 investment

M&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?

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.