Founded by former BitGo and Galaxy Digital executives, Marble is developing trading and financing products for emerging markets including AI computing capacity.
Marble has launched with an $11 million seed round led by Polychain Capital.
Maven 11, Ripple, Susquehanna Crypto, Lattice and Blockwall also participated.
The company was founded by Matt Ballensweig and Leon Marshall, who serve as co-CEOs.
Ballensweig previously led institutional trading at BitGo, while Marshall was CEO of Galaxy Digital's European business.
Financing the AI Infrastructure Buildout
Building large-scale AI infrastructure requires substantial capital for GPUs, data centers and related equipment.
Smaller cloud and GPU operators can struggle to access financing even when they have customers committed to purchasing computing capacity.
Marble Compute is developing private credit infrastructure that connects these operators with institutional lenders.
Its proposed underwriting approach considers hardware assets, customer contracts and expected cash flows.
The company is also exploring financial instruments that could allow operators to manage future computing-capacity prices.
Trading Emerging Markets
Through Marble Markets, the company plans to provide institutional trading infrastructure spanning digital assets, tokenized assets, prediction markets and computing capacity.
Its ambition is to combine liquidity, financing and collateral management across markets that currently operate separately.
Several planned products depend on regulatory approvals and successful commercial development.
The company has not disclosed revenue or established trading volumes.
Its $11 million seed round represents an early-stage bet that AI infrastructure will need specialized financing and risk-management markets, not just hardware and software suppliers.
Founders: Matt Ballensweig and Leon Marshall. Investors: Polychain Capital, Maven 11, Ripple, Susquehanna Crypto, Lattice and Blockwall.