What Imperium Markets does

Imperium Markets is a Sydney-based financial and regulatory technology company that operates an ASIC-licensed Tier 2 digital marketplace for money market and fixed income securities, with a primary focus on digitising wholesale term deposit transactions between Australian Authorised Deposit-Taking Institutions and institutional investors. Its core platform provides electronic Request-for-Quote (RFQ) execution, compliance-by-design audit trails, portfolio management, reporting, and integration with treasury management systems, replacing manual spreadsheet and phone-based workflows that have historically dominated the Australian short-term funding market. The technology stack combines cloud-hosted marketplace software with distributed ledger infrastructure through partnerships with R3 (Corda), Hedera, and Redbelly Network, enabling atomic settlement and asset tokenisation — including Australia's first tokenised corporate bond issued in February 2026.

The company generates revenue through transaction and usage fees on its licensed marketplace plus subscription and licensing arrangements, including a whitelabel capability for banks to deploy the technology under their own brand. Imperium holds the distinction of being the first Australian fintech granted an ASIC Tier 2 Markets Licence (2017) and has positioned itself as regulated infrastructure for the Australian wholesale funding market, which is estimated at $3-4 trillion in size. Its go-to-market is enterprise-focused, targeting major banks, superannuation funds, insurers, corporates, and government entities through direct sales, partnerships (R3, GTreasury, DFCRC, ASX Benchmarks), and government marketplace listings. The company participated in the RBA's CBDC pilot in 2023 and was a lead participant in Project Acacia (2025-2026), with notable customers including ANZ, NAB, Westpac, CBA, AustralianSuper, Challenger Life, and Club Plus Super.

Strategic shareholders include Macquarie Bank, which took an approximately 20% stake in a September 2019 capital raise that valued the company at $40-50 million, alongside former ANZ CEO Mike Smith as an active advisor. An Independent Advisory Board was established in November 2024, chaired by Rod Lewis with former Westpac Group Treasurer Curt Zuber and former MBIA UK Chairman/CEO Chris Weeks, reinforcing institutional credibility as the company extends from term deposit RFQ into tokenised settlement, primary issuance, and broader fixed income market infrastructure.

Name

Imperium Markets

Legal name

Imperium Markets Pty Ltd

Website

https://imperium.markets

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Imperium Markets operates Australia's first ASIC-licensed Tier 2 digital marketplace for wholesale money market and fixed income securities, connecting banks, ADIs, super funds, and government entities via electronic RFQ execution and DLT-based settlement.

Ownership category

akta.pro rank

Product category

Capital Markets Trading Platform

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Contracts Intermediation and Brokerage (5231), Software Publishers (513210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Services-Prepackaged Software (7372)

akta.pro primary industry

Fixed Income Electronic Trading Platforms (Bonds/Credit) (FSAFANAB)

akta.pro secondary industries

Money Markets & Repo Trading Platforms (FSAFANAG), Algorithmic Trading & Execution Platforms (FSAFANAN)

Keywords

• Wholesale money markets
• Fixed income trading
• Term deposit platform
• Electronic RFQ system
• Digital asset settlement

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Platform Transaction/Usage Fees: Revenue generated from facilitating term deposit, money market, and fixed income transactions on the licensed marketplace platform. The platform operates as a Tier 2 licensed market operator connecting issuers and wholesale investors.
2. Licensing and Subscription: Revenue from licensing the platform technology to issuers, including whitelabel capability for banks to deliver market infrastructure to their stakeholders.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Imperium Markets operates an ASIC Tier 2-licensed, cloud-based electronic marketplace that connects issuers (banks, Authorised Deposit-Taking Institutions, corporates) with wholesale investors for the trading and settlement of money market and fixed income securities. The platform replaces manual, spreadsheet-based term deposit and commercial paper workflows with electronic Request-for-Quote execution, compliance-by-design controls, and distributed-ledger-technology-based tokenised settlement. Revenue is generated through platform transaction fees and licensing/whitelabel subscription of the technology stack.

Product overview

Imperium Markets operates a cloud-based financial market platform for money markets and fixed income securities. The core product is the ASIC-licensed Digital Term Deposit Platform providing electronic RFQ capabilities for Issuers (banks/ADIs) and Wholesale Investors. The platform is complemented by the ADI Money Market Dashboard for issuers to manage term deposit books, a Digital Issuance Platform for commercial paper, and Tokenised Asset Settlement using distributed ledger technology. Whitelabel capability allows partners to deploy the technology stack under their own branding.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Term Deposit Platform Cloud-hosted, ASIC Tier 2-licensed electronic marketplace that connects issuers (banks/ADIs) with wholesale investors for the issuance, pricing, execution, compliance, and reporting of term deposits and other money market instruments.
• ASIC Licensed Marketplace (Electronic RFQ Market) Organised and structured electronic Request-for-Quote market for term deposits and money market securities, providing date/time-stamped dealer tracking, multi-bank quote comparison, and full audit trail.
• Tokenised Asset Settlement Blockchain-based settlement service for tokenised wholesale bank deposits, money market securities, annuities, and corporate bonds, enabling atomic (simultaneous) exchange of payment and security using distributed ledger technology.

Quantifiable outcome

• Replaced manual spreadsheet-based processes with digital platform, reducing operational risk and compliance issues
• +7 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature8 records

Partnerships

16 partnerships are on record, tiered core and supporting.

• MacropodcoreTechnology or Integration · 1 February 2026Partnership for first tokenised corporate bond in Australia. Macropod led use case with bond issued on Imperium's ASIC-licensed marketplace and settled on Redbelly Network using Macropod AUDM stablecoin.
• Redbelly NetworkcoreTechnology or Integration · 1 February 2026KYC-compliant capital markets blockchain used for tokenised corporate bond settlement. Partnered for atomic settlement of securities with zero settlement risk.
• HederasupportingTechnology or Integration · 1 February 2026Hedera's Layer One Distributed Ledger Technology used for Project Acacia transactions - tokenising and settling wholesale bank deposits, money market securities and annuities.
• BarrenjoeysupportingTechnology or Integration · 1 February 2026Purchased first tokenised corporate bond issued on Imperium's marketplace and executed secondary trade to JellyC.
• JellyCsupportingTechnology or Integration · 1 February 2026Digital asset management company that received secondary trade of first tokenised corporate bond.
• CuscalsupportingTechnology or Integration · 1 February 2026Australian dollar stablecoin issuer (Cuscal AUDC) used for atomic settlement in Project Acacia use cases between top-tier banks and asset managers.
• Australian Payments Plus (AP+)supportingStrategic or Co-development Partner · 1 February 2026Project Acacia participant exploring digital payment innovations for wholesale tokenised asset markets.
• Australian Bond ExchangesupportingStrategic or Co-development Partner · 1 February 2026Project Acacia lead use case participant examining corporate bond settlement tokenisation.
• GTreasurycoreTechnology or Integration · 19 November 2021Partnership enables Imperium Markets clients to have trades automatically pushed into their GTreasury portfolio. Streamlines workflows and reduces risks by eliminating manual data entry. Integrates Imperium's electronic RFQ process with GTreasury's treasury and risk management platform.
• R3 (Formalised Partnership)coreStrategic or Co-development Partner · 20 September 2021Formalised partnership with R3 to deliver full potential of blockchain for Australia's financial markets. Enables synchronisation of pricing, dealing, reporting, registry and settling processes for all market participants using Corda distributed ledger technology.
• ICAPsupportingTechnology or Integration · 1 December 2019Agreement with interdealer broker ICAP allows Imperium's clients to report transactions in prime bank paper by utilizing ICAP's approved trading venue. Enables broader institutional universe and BBSW benchmark reporting.
• Digital Finance CRC (DFCRC)coreStrategic or Co-development PartnerImperium Markets joined DFCRC to advance Australia's first pilot for digital transition of wholesale Money Markets and Debt Capital Markets. The partnership involves testing multiple digital currency settlement options using Distributed Ledger Technology. DFCRC provides academic expertise and funding for research into tokenisation benefits.
• R3coreTechnology or IntegrationPartnership with R3 delivers enterprise blockchain technology for Australia's financial markets. Imperium writes transactions to R3's Corda platform - a next-generation blockchain purpose-built for financial services. The partnership enables privacy, scalability, and security for digital market infrastructure transformation.
• Digital Transformation AgencysupportingChannel Partner/ Reseller/ DistributorImperium Markets is available to all Australian federal, state, territory and local government agencies via the Australian Government's Digital Transformation Agency Cloud and Software Marketplaces.
• IBS CapitalsupportingTechnology or IntegrationIBS Capital provides Imperium Markets with relevant market pricing requirements. They develop state-of-the-art configurable web-based solutions for financial markets focusing on market data and pricing analytics.
• Australian Cyber Security CentresupportingOthersACSC Partnership Program enables Imperium to engage with ACSC and fellow partners, drawing on collective understanding, experience, skills and capability to lift cyber resilience.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tradeweb Markets: Global electronic trading platform for fixed income, derivatives, and ETFs. Directly comparable as an institutional electronic RFQ and execution venue for money markets and fixed income securities, though at much larger global scale.
• MarketAxess: Operator of electronic trading platforms for fixed income securities including credit, rates, and emerging markets. Comparable as a pioneer in electronic fixed income execution with similar institutional customer base.
• Australian Bond Exchange (Yieldbroker): Australian operator of fixed income and bond exchange services, including the former Yieldbroker electronic trading platform. Most direct local competitor in the Australian wholesale fixed income electronic trading market.

Broad incumbents

• ASX (Australian Securities Exchange): Incumbent Australian exchange operator providing cash equities, derivatives, and fixed income infrastructure including clearing and settlement. Comparable as the dominant market infrastructure provider Imperium's licensed marketplace competes and integrates with.
• ICAP (NEX / TP ICAP): Global interdealer broker with electronic trading venues across rates, credit, and money markets. Imperium signed an agreement with ICAP in 2019 to enable BBSW benchmark reporting, positioning ICAP as both partner and competitor.
• Euroclear: International central securities depository providing settlement and custody infrastructure for bonds and securities. Comparable as incumbent settlement infrastructure whose processes Imperium's atomic settlement capability aims to disintermediate.
• Broadridge Financial Solutions: Global fintech providing capital markets and investor communications infrastructure, including fixed income processing. Comparable as an established technology provider to banks and institutional market participants.

Others

• R3: Enterprise blockchain software company whose Corda platform underpins Imperium's DLT settlement. Comparable as an enabling technology partner whose commercial terms and roadmap directly affect Imperium's tokenisation capabilities.
• Hedera: Public distributed ledger platform used by Imperium in Project Acacia for tokenising wholesale bank deposits, money market securities, and annuities. Comparable as a DLT infrastructure partner rather than direct competitor.
• GTreasury: Treasury and risk management platform with native integration to Imperium Markets. Comparable as an ecosystem partner rather than direct competitor, jointly serving institutional treasury operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/imperium-markets
• Xx.com/imperium_mkts

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Imperium Markets