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Infrastructure & Liquidity

Everybody spends. Almost nobody has exposure to it.

To trade on something, a market needs a source of truth that defines who was right. Elections settle on votes. Stocks settle on prices. Information markets settle on public events. American consumer spending, $15 trillion a year, had no such source. The data sat inside banks and card networks, never in a form anything could settle against. So no market formed.

Revere, our data oracle, changes that. It maps 3.7 billion transactions a month by merchant, category, and time. For the first time, consumer spending can be settled on, which means it can be traded. Spend Market is where you trade it.

No market like this has existed.
The first liquidity in sets the terms, and it enters two ways.

Liquidity provision, for those funding the markets.

Deposit into the vault that backs every market. Your capital earns lending yield as float and earns on the flow that runs through the markets it underwrites. One USDC vault, one integration. No quoting, no order management, no positions to babysit. You supply the depth the whole venue settles against and you're paid on what it clears.

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Infrastructure & liquidity

Market making, for those quoting the book.

Quote both sides of a market clearing on verified consumer spend and earn the way desks always have: spreads, fees, rebates scaled to the depth you bring. While it waits, your collateral earns lending yield from the same USDC vault, right up to the moment it fills. Your breakeven spread is lower than on any venue where capital sits idle between quotes.

Learn about Knox Prime
Infrastructure & liquidity

Supply the liquidity an entire economy trades on.

Route capital into the pools, or seed both sides of the book and earn on the flow. Both start with a conversation.