bosonic

Founded in 2016 by serial FinTech entrepreneur Rosario Ingargiola, Bosonic is a decentralized financial market infrastructure (dFMI) company targeting the digital asset space. Ingargiola's extensive background in creating high-frequency trading and foreign exchange platforms, including the successful sale of his previous company FXone Seabury to an investment bank, directly informed Bosonic's mission. The firm was established to address fundamental risks plaguing institutional crypto trading, specifically counterparty credit and settlement risk.

Bosonic operates a non-custodial clearing and settlement infrastructure for institutional digital asset trading. Its core offering, the Bosonic Network™, is a Layer-2 blockchain solution that allows clients to trade from their own accounts at their chosen custodians, eliminating the need to deposit funds directly onto exchanges. This model prevents clients from facing balance sheet risks associated with a central counterparty, a critical concern following major exchange collapses. The platform facilitates real-time atomic swaps (Payment vs. Payment), ensuring that the trade is the settlement and that title transfer is instantaneous.

The company's business model involves providing its technology as an Infrastructure-as-a-Service (IaaS) or Software-as-a-Service (SaaS) solution. Revenue is generated by licensing this technology to clients. The client base includes institutional players such as hedge funds, banks, broker-dealers, market makers, and family offices. Bosonic's technology is custodian-agnostic, connecting a network of over 60 member institutions, including custodians and liquidity providers. The platform also offers capital efficiency tools like cross-custodian net settlement (CCNS), which nets obligations between custodians to reduce transaction costs and free up liquidity.

A key milestone was achieved when its subsidiary, Bosonic Securities, LLC, received FINRA and SEC approval to operate as a broker-dealer and Alternative Trading System (ATS), enabling the trading of digital asset securities in a regulated environment. This allows the platform to handle not just cryptocurrencies but also tokenized real-world assets. The firm has raised a total of $15.1M in funding from investors including DMG Blockchain Solutions and Borderless Capital.

Keywords: digital asset settlement, counterparty risk mitigation, decentralized financial market infrastructure, dFMI, institutional crypto trading, non-custodial clearing, atomic swaps, cross-custodian net settlement, layer-2 blockchain, capital markets technology, Rosario Ingargiola, Alternative Trading System, ATS, digital asset securities, tokenization, real-time clearing, crypto prime brokerage, institutional finance, FINRA registered, blockchain infrastructure, capital efficiency, payment vs payment