Clear Street Secures $685M Series B Boost to Revolutionize Global Brokerage Infrastructure

Clear Street, a pioneering force in modernizing the brokerage ecosystem, has recently made headlines with its impressive funding milestone. In December 2023, Clear Street secured a landmark third tranche of its Series B funding round from Prysm Capital, pushing the total raised in this phase to an astounding $685 million and propelling the firm's valuation to $2.1 billion. Since its inception in 2018, Clear Street has worked relentlessly to reimagine how capital markets operate by replacing outdated systems with a completely cloud-native clearing and custody platform. This innovative approach not only streamlines operations in today’s complex, global market but also significantly reduces risk, redundancy, and operational costs for its clients. The infusion of fresh capital is set to bolster the company’s efforts as it continues to enhance its proprietary platform. Clear Street’s vision revolves around creating a single, unified system capable of handling every asset class, across every country, and in any currency. This ambitious goal highlights its commitment to both bringing efficiency and improving transparency to the brokerage world. With an emphasis on cutting-edge technology and robust infrastructure, Clear Street is well-positioned to meet the evolving demands of the modern financial ecosystem while ensuring that security and compliance remain at the forefront. As the firm scales its platform to further revolutionize market operations, industry professionals and stakeholders are keeping a close eye on Clear Street’s progress. For a closer look at how this funding round will accelerate its groundbreaking work and to learn more about its innovative solutions, please visit https://clearstreet.io.