Tokenovate

Passionate about change. Passionate about our customers.

Tokenovate is a financial services technology company providing distributed financial market infrastructure, enabling programmatic lifecycle event management of the pre-trade to post-trade workflow for OTC and Exchange traded derivatives. We are driven by a relentless focus on delivering solutions that solve hard problems.

Our Story

Get to know Tokenovate, our journey from inception to innovation.

It all started a long time ago… Almost 20 years ago in fact, Tokenovate’s founder Richard Baker and co-founder Gerard Banaszkiewicz worked together in the telecoms market. Even though they eventually pursued different professional paths, they always remained in touch.

Our Story

Get to know Tokenovate, our journey from inception to innovation.

In 2010, Richard created the Cleartrade Exchange, a regulated futures market offering a global electronic market platform for commodities. In 2016, Cleartrade was acquired by the European Energy Exchange AG, a Deutsche Börse Group Company, and Richard ventured out into new adventures. But he never completely lost touch with the derivatives market.

Our Story

Get to know Tokenovate, our journey from inception to innovation.

At the same time, Gerard was running his own company, being operationally responsible for multi-billion pound projects across multiple markets, with customers including Royal Bank of Scotland, HMRC, Vodafone and BP (to name just a few).

Our Story

Get to know Tokenovate, our journey from inception to innovation.

For the last few years, ISDAⓇ has embarked on an ambitious project to standardise, digitise and automate how derivatives are traded and managed across the trade lifecycle. The ISDA Common Domain Model (CDM) was born.

Our Story

Get to know Tokenovate, our journey from inception to innovation.

So when Richard and Gerard came together again in 2021, they realised that these two parallel developments had opened up an opportunity to solve a problem they both felt passionate about: to improve operational efficiency for the derivatives market. The idea behind Tokenovate was born.

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Richard Baker

Founder & CEO

Meet the Team

Our team is experienced, excited and empathetic. We have a laser sharp focus on what we want to achieve. Our sleeves are permanently rolled-up, we have no egos, and we collaborate really well.

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    Richard Baker

    Founder, Chief Executive & Chairman

    Executive with 25+ years of experience in Financial Services, Telco, Software, Digital Media, Big Data & Blockchain.

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    Gerard Banaszkiewicz

    Co-Founder & Chief Operating Officer

    Executive with 30+ years of Legal/Commercial and Operational experience in regulated business environments.

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    John Anderson

    Chief Product Officer

    25+ years experience in product and commercial management roles in agile software development environments.

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    Gunnar Larsén

    Chief Commercial Officer

    25 years of software & platform leadership experience at the intersection of sales, product management and marketing.

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    Nazish Zaidi

    Lead Business Analyst

    15+ years experience working in Financial Services focusing on Derivatives, Regulation and Off-shoring.

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    Luke Banaszkiewicz

    Project & Operations Manager

    Delivery expert with more than a decade of experience in managing complex projects for high-profile customers.

Blog
Insights, ideas and opinions

Read what the team at Tokenovate is researching and discussing at work.

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13 Mar 2023

Article

The Blockchain and Derivatives: Building A More Powerful Trade Lifecycle

The Basic Derivative Trade Lifecycle The blockchain, as known as Distributed Ledger Technology (DLT), can revolutionise the derivative markets, ranging from transforming the trade lifecycle to tokenising the underlying assets. In whatever way DLT is adopted, it ensures an immutable, transparent, tamper-proof record of the transaction. Regardless of the underlying asset class, the majority of […]

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13 Mar 2023

Article

The Standardisation of Derivatives

Derivatives trading has been around a very long time. In the last few decades however, the scope and scale of derivatives trading has increased considerably. With such significant growth comes more complex operating models. To date, the infrastructure supporting the market has served its purpose well. In the last few years we have also seen […]

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13 Mar 2023

Article

Hello, we are Tokenovate!

Hello, and welcome to the Tokenovate blog. We are a UK-based software company active in the financial services market. We provide distributed financial market infrastructure, enabling programmatic lifecycle event management of the pre-trade to post-trade workflow for OTC and Exchange traded derivatives. Our vision is to operate at the heart of the next generation distributed […]

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