London Capital Markets Firm LO:TECH Raises $12M Series A, Led by MMC

LONDON, 2 NOVEMBER 2026 – LO:TECH, a London-based capital markets firm built for round-the-clock and onchain markets, has raised $12 million in a Series A round led by MMC. Existing investors Faction and 13 Books Capital also participated, alongside Atka.

LO:TECH built its trading infrastructure to operate on any venue, in any asset class, at any time. Its execution services, launching today, draw on that cross-venue access to help clients trade more efficiently across traditional, digital and prediction markets.

The new capital will fund LO:TECH’s expansion into the US and Asia-Pacific, including New York and Singapore, and the growth of its execution services for institutional clients. The firm also plans to become regulated in the markets it enters and is exploring licences in the US.

“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,” said Tim Meggs, CEO and Co-Founder of LO:TECH. “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.”

The raise comes as money moves from digital asset speculation towards tokenised traditional assets. Bitcoin lost around $62,000 from peak to trough in the year to June 2026, and total crypto market capitalisation fell about 50%.

Over a similar period, the value of tokenised real-world assets on public blockchains nearly doubled, from around $20.6 billion to $38 billion, according to RWA.xyz. Tokenised equities alone grew from about $960 million in March to $3.2 billion by late September. In June, NYSE owner Intercontinental Exchange (ICE) and crypto exchange OKX announced a joint venture to give OKX customers access to NYSE tokenised equities, subject to regulatory approval.

LO:TECH aims to connect the two markets, providing liquidity and execution across both digital assets and tokenised traditional assets.

“Tokenised equities and onchain real-world assets are where markets are heading. Our 24/7 infrastructure and our team’s background in traditional markets put us at the intersection of the two. That leaves us well placed to help that shift happen.”

Tim Meggs, CEO and Co-Founder, LO:TECH

“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,” said Marcus Horsley, CTO and Co-Founder of LO:TECH. “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.”

“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,” said Ollie Ricards, Partner at MMC. “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.”

About LO:TECH

LO:TECH is a capital markets firm built for the convergence of traditional finance and onchain markets. Its high-frequency trading infrastructure powers both proprietary liquidity provision and client services across traditional, digital and prediction markets. The firm serves more than 50 institutional clients across designated market making, market data and execution services.

LO:TECH was founded by Tim Meggs, Marcus Horsley and Alex Williams, and has raised rounds led by MMC, Faction and 13 Books Capital.

About MMC

MMC Ventures is Europe’s leading research-driven venture capital fund, investing at Seed and Series A across AI, Fintech, data science and data infrastructure. We back companies where our in-house research has built strong conviction and deep domain expertise, and for more than 25 years we’ve combined that research with hands-on support for founders. Companies MMC has supported include Synthesia, Blackwall, Copper, TreasurySpring and Cloover.