Baton Systems

Fremont, California, USA · ≈160 employees · batonsystems.com

Baton Systems is a financial technology company founded in 2016, headquartered in Fremont, California, with additional offices in London, New York, and Chennai. The company specializes in a distributed ledger-based platform that offers real-time clearing, settlement, and payments for financial institutions. Baton Systems operates in the B2B SaaS space within the Investment Tech segment, focusing on creating a more efficient and transparent financial market infrastructure. The primary offering, Baton Core, utilizes permissioned distributed ledger technology to facilitate instant reconciliation and automate post-trade operations, including payments and liquidity management. The platform supports real-time clearing and settlement for currencies and securities, enhances collateral management, and reduces operational and settlement risks. Baton Systems serves a range of clients, including global banks, investment firms, custodian banks, and clearing houses, processing over $10 billion daily in cash and securities. Notably, J.P. Morgan is among its confirmed customers. The company is privately held and has raised approximately $28.3 million in funding.