Fintech LO:TECH raises £9m led by MMC and Faction
This article covers LO:TECH, a London fintech startup that has raised £9m in a series A funding round led by MMC to fund international expansion to New York and Singapore and to scale its new execution services for institutional clients. The development aims to support institutional trading across traditional and onchain markets by providing always-on execution and liquidity infrastructure for tokenised assets.
LO:TECH, a London fintech startup, has raised £9m in a series A funding round led by MMC to fund international expansion to New York and Singapore and to scale its new execution services for institutional clients. The raise backs the firm’s bid to link traditional and onchain markets with infrastructure built for always-on trading.
Why it matters
LO:TECH positions itself at the intersection of traditional finance and tokenised assets, a space where market structure is changing. As crypto speculative volumes have contracted — the total crypto market capitalisation fell about 50% in the year to June 2026 — tokenised real-world assets have grown. RWA.xyz data cited by the company shows tokenised assets on public blockchains nearly doubled to about £28.4bn, with tokenised equities rising from roughly £717m in March to £2.4bn by late September.
That shift creates demand for execution and liquidity services that can operate across time zones and different venue types. LO:TECH’s expansion and product launch are an attempt to provide that plumbing for institutional trading as tokenisation gains traction.
Inside the product
LO:TECH says its trading infrastructure was built to operate on any venue, in any asset class, at any time. Its newly launched execution services use cross-venue access to let clients trade across traditional exchanges, digital asset venues and prediction markets. The company serves more than 50 institutional clients with market making, market data and execution services, and runs both proprietary liquidity provision and client-facing tools.
The team describes the stack as designed for 24/7 markets and for onchain assets, rather than retrofitting traditional market infrastructure to newer venues. LO:TECH also plans to seek local regulation in the jurisdictions it enters and is exploring licences in the United States.
Who are the investors?
The round was led by MMC (also written MMC Ventures), with participation from existing backers Faction and 13 Books Capital and a new participant, Atka.
MMC is a research-driven European venture fund that invests at Seed and Series A across fintech, AI and data infrastructure. MMC’s involvement follows a previous LO:TECH round led by 13 Books Capital in 2025 and earlier backing from Faction, signalling continued institutional interest in market infrastructure for tokenised assets.
In the announcement, Ollie Ricards, Partner at MMC, said:
Tim, Marcus and the LO:TECH team have built a business designed for markets that never close, delivering triple-digit revenue growth over the past year through exceptionally tough crypto market conditions.
We’ve been investing in blockchain-based financial infrastructure for several years because we believe in the benefits tokenised real-world assets can bring. As more trading moves to always-on venues, we see a significant opportunity for LO:TECH to provide the infrastructure those markets need, and we’re delighted to support the team on that journey.
If you're researching potential backers in this space:
- Explore our list of fintech venture capital firms in the UK
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Founder perspective
LO:TECH was founded by Tim Meggs, Marcus Horsley and Alex Williams. The founders frame the company as a response to market hours and architecture that they say are ill-suited to modern risk flows.
In the announcement, Tim Meggs, CEO and Co-Founder of LO:TECH, said:
Capital markets were built for a world that opened at 8am and closed at 4.30pm. That’s not how risk is traded any more.
The best trading firms in the world are technologically advanced, but they grew up on top of traditional market infrastructure. We built ours from scratch for markets that run 24/7, onchain and across every asset class.
In the announcement, Marcus Horsley, CTO and Co-Founder of LO:TECH, said:
Fintech and digital asset platforms are moving into territory that used to belong to Wall Street. To do that well, they need trading partners built for how these markets actually work.
There is room for a capital markets firm that grew up in digital assets to compete with the largest names in traditional finance, and we think that firm can be built in London.
The bigger picture
LO:TECH’s raise comes as established exchanges and crypto platforms move towards tokenised products. In June 2026, Intercontinental Exchange and OKX announced a joint venture to give OKX customers access to NYSE tokenised equities, subject to regulatory approval. That kind of collaboration underlines the need for firms that can provide liquidity and execution across both incumbent venues and new onchain markets.
The company’s expansion to New York and Singapore will test how quickly a London-built infrastructure firm can obtain licences and compete in well-regulated, mature trading jurisdictions. Success will depend on regulatory approvals and on whether institutional counterparties accept onchain workflows alongside traditional trading rails.
This funding round is another sign that investors are allocating capital to startups building institutional-grade plumbing for tokenised assets. For the UK and Europe, growth in this niche could translate into more activity around market structure, licensing and cross-border regulatory coordination as tokenisation becomes a larger part of the investable landscape.
They've invested in LO:TECH
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