Michael Giles

Founder & CEO @interchange. Previously, Founder & CEO Embed (YC S20, acquired 2022), Founder & CEO Third Party (acquired 2019).

[Michael Giles @Harland]

I’m super excited to finally talk about what we’ve been working on! Allow me to introduce you to @interchange - the future of financial market infrastructure. Today we’re announcing we’ve raised $17m in seed funding from an amazing group of investors including MS&AD Ventures, @BoxGroup, @pnpfintech and @Liquid2V and angel investors @eglyman, @karimatiyeh, @immad, @ankurnagpal, @shamir_k to name a few, as well as regulatory membership approvals from @FINRA, DTC, NSCC (@The_DTCC) and @NasdaqExchange.

[Michael Giles @Harland]

Excited for @Interchange to be part of this initiative!

[DTCC @The_DTCC]

Building on the SEC's No-Action Letter related to DTC's tokenization service, DTCC has convened more than 50 firms through its Industry Working Group to inform the development of DTC’s tokenization service and support responsible exploration of digital asset use cases.

Join the conversation: https://t.co/4HcIQr5TNK

[Michael Giles @Harland]

https://t.co/1MgPVx4Rz3

[Michael Giles @Harland]

I’m excited to announce our latest product: @interchange Equities.

Equities is our US equities execution, clearing and custody platform we built from scratch in just 18 months – obtaining all necessary regulatory approvals in only 14 months.

We achieved this in not just what we think is record time, but we did it while staying true to our goal of building the world-class product for this industry.

@RobinhoodApp built a self-clearing firm in reportedly 24 months (we believe actually much longer). Ask anyone in the industry and they’ll tell you corresponding clearing is orders of magnitude harder than self-clearing.

Proud of the entire @interchange team and thank you to everyone who has supported us.

[Michael Giles @Harland]

If you’re building a modern treasury offering, I’d love to connect.

https://t.co/cwoYQIMO1W

[Michael Giles @Harland]

Excited to officially launch our first live product, @Interchange Treasury.

We built Treasury to make cash management programmable and seamless. It’s an API-first, 100% automated money market fund sweep that generates yield on the day of deposit - with same-day liquidity for withdrawals. The sweep balance is also instantly available for equity purchases.

[Michael Giles @Harland]

They’re also built to scale - investing primarily in U.S. Treasuries and short-term government securities. As of February 2026, $7.79 trillion is invested in money market funds.

We chose to partner with @JPMorgan Asset Management, who in our opinion not only has the best fund offering but is ranked the #1 strongest brand in asset management. That trust in the safety of customer funds is hugely important.

[Michael Giles @Harland]

https://t.co/sczQac4g2m

[Michael Giles @Harland]

An important milestone achieved by the @Interchange team today - we’ve executed our first live trade! We bought one share of @Coinbase ($COIN), entirely through the proprietary Interchange platform, powered by Interchange Clearing, our @FINRA, @The_DTCC and @NasdaqExchange member broker-dealer.

This might not sound like a big deal, but I assure you it is. The amount of work required to get to this point is monumental. Being able to execute a live trade is like the tip of the iceberg, with all the work required to get there below the surface.

I’m super proud of what the team has achieved and look forward to the next milestone!

[Michael Giles @Harland]

https://t.co/apJf5rXSBI

[Michael Giles @Harland]

I’m super excited to finally talk about what we’ve been working on! Allow me to introduce you to @interchange - the future of financial market infrastructure. Today we’re announcing we’ve raised $17m in seed funding from an amazing group of investors including MS&AD Ventures, @BoxGroup, @pnpfintech and @Liquid2V and angel investors @eglyman, @karimatiyeh, @immad, @ankurnagpal, @shamir_k to name a few, as well as regulatory membership approvals from @FINRA, DTC, NSCC (@The_DTCC) and @NasdaqExchange.

[Michael Giles @Harland]

Our goal is simple: build the world-class product our industry has always needed but never had. We will do our best to live up to that promise.

[Michael Giles @Harland]

Excited to announce Embed (@Embedded) is now officially a member of The Options Clearing Corporation (@OptionsClearing).

https://t.co/iKJL28HWIp

[Michael Giles @Harland]

@HarryStebbings Tapping in @cvharps from @torch

[Michael Giles @Harland]

@HarryStebbings @SBF_FTX What do you say @SBF_FTX? cc @Brett_FTX @ramnikarora

[Michael Giles @Harland]

Powered by @Embedded

[Michael Giles @Harland]

Back at you @Brett_FTX @SBF_FTX @ramnikarora and team. Excited for @Embedded to join @FTX_Official

[Michael Giles @Harland]

Super excited to finally talk about our client @FTX_Official and their new #Stocks offering, announced today. Honored they chose us as their partner. It's been a pleasure working with @Brett_FTXUS and team! cc @SBF_FTX https://t.co/GEouCDOKPw

[Michael Giles @Harland]

@alex @Embedded

[Michael Giles @Harland]

Thanks for the shout out @JKeidan @torch. 2022 is going to be a transformative year for @Embedded https://t.co/HWNYeKTIvn