Founded in 2015 by Adrian Patten and Andy Coyne, Cobalt was established to re-engineer institutional post-trade foreign exchange (FX) and digital asset infrastructure. The company developed a shared ledger platform that creates a single, verified version of each transaction, significantly reducing credit risk and per-ticket costs for institutional participants. In 2022, Cobalt was acquired by United Fintech to become part of its curated platform of capital markets-focused technology companies. Cobalt continues to operate under its brand, offering its technology to banks, prime brokers, and other financial institutions to streamline post-trade processing and optimize credit allocation.

Founded in

United Kingdom