Fintovra — Financial Infrastructure Consulting: Broker-Dealer Formation, ATS, and Digital Securities
Core Capabilities
What We Build
Broker-Dealer Formation & Launch
End-to-end guidance from entity structuring through FINRA membership and SEC registration.
Regulatory Readiness
Compliance frameworks, supervisory procedures, and exam preparation for regulated entities.
ATS & Trading Infrastructure
Alternative Trading System design, Form ATS filings, and market microstructure build-out.
Digital Securities & Blockchain
Tokenization strategy, blockchain infrastructure, and tokenization of traditional assets.
Operating Model & Controls
Operational architecture, risk controls, and supervisory systems for regulated broker-dealers.
What We Build
Financial Infrastructure Services
From broker-dealer formation to digital securities infrastructure — Fintovra delivers end-to-end solutions for regulated financial markets.
Broker-Dealer Formation and Launch
We guide clients through every stage of broker-dealer formation — from entity structuring and business plan development to FINRA membership applications, SEC registration, and operational readiness. Our team has navigated this process dozens of times and knows exactly what regulators expect.
- Entity structuring and capitalization planning
- FINRA New Member Application (NMA)
- SEC registration (BD, IA)
- Written Supervisory Procedures (WSPs)
- Operational readiness and pre-exam preparation
CMA Preparation
Comprehensive Continuing Membership Application support for broker-dealers seeking to expand their business activities, add new product lines, or make material changes to their operations. We manage the full CMA process from initial assessment through FINRA approval.
- Material change assessment and strategy
- CMA documentation and filing
- Business plan and financial projections
- Regulatory correspondence management
- Post-approval implementation support
ATS and Trading Infrastructure
Design, build, and launch Alternative Trading Systems with full regulatory compliance. From Form ATS filings to market microstructure design, we architect trading platforms that meet SEC requirements and operate at institutional scale.
- Form ATS preparation and filing
- Market microstructure design
- Order management system architecture
- Matching engine and execution infrastructure
- Surveillance and reporting systems
Operating Model and Controls
Build the operational backbone of a regulated broker-dealer — supervisory systems, risk controls, compliance workflows, and the technology infrastructure that keeps firms in good standing with regulators while scaling efficiently.
- Supervisory control systems design
- Risk management framework build-out
- Compliance workflow automation
- Books and records infrastructure
- Operational due diligence support
Regulatory Readiness
Prepare your firm for regulatory examinations, respond to inquiries, and build the compliance culture that regulators expect. We conduct mock exams, gap analyses, and remediation programs that keep firms ahead of regulatory scrutiny.
- Mock FINRA and SEC examinations
- Compliance gap analysis and remediation
- Regulatory inquiry response support
- Annual compliance review programs
- Supervisory procedure updates and testing
Digital Securities, Blockchain Infrastructure and Tokenization
Navigate the convergence of traditional securities law and blockchain technology. We help firms tokenize assets, build digital securities infrastructure, and develop the regulatory frameworks needed to operate in the emerging digital asset ecosystem.
- Digital asset regulatory strategy
- Security token offering (STO) structuring
- Blockchain infrastructure architecture
- Smart contract compliance review
- Tokenization of traditional securities
Post-Launch Scaling and Optimization
After launch, the work continues. We partner with firms to optimize operations, expand product capabilities, manage regulatory relationships, and scale infrastructure to meet growing business demands — all while maintaining compliance.
- Operational efficiency assessment
- Product expansion and CMA support
- Technology scaling and modernization
- Regulatory relationship management
- Strategic growth advisory
Ideal Clients
Who We Serve
Fintovra works with organizations at every stage of building regulated financial infrastructure — from first-time founders to established institutions expanding into new markets.
Fintech Founders
You have the vision for the next generation of financial services. We provide the regulatory expertise and infrastructure foundation to turn that vision into a licensed, operational broker-dealer or ATS — without the years of trial and error.
- First-time broker-dealer formation
- ATS launch from concept to operation
- Regulatory strategy and licensing roadmap
- Investor-ready compliance infrastructure
Existing Financial Institutions
Banks, RIAs, and established broker-dealers looking to expand product lines, modernize legacy infrastructure, or enter new regulated markets. We architect the path forward without disrupting what's already working.
- Product line expansion via CMA
- Legacy system modernization
- New market entry strategy
- Operational efficiency optimization
Digital-Asset Companies
Crypto exchanges, DeFi protocols, and blockchain companies seeking to bridge into regulated financial markets. We help you structure digital securities offerings, obtain necessary registrations, and build the compliance infrastructure that institutional counterparties require.
- Security token and digital asset structuring
- Broker-dealer registration for digital assets
- Blockchain infrastructure compliance
- Institutional-grade controls build-out
Technology Providers Entering Regulated Finance
Software companies, data providers, and technology platforms that need to understand and navigate the regulatory implications of their products. We help you build compliant technology from the ground up.
- Regulatory impact assessment
- Compliance-by-design architecture
- Vendor due diligence support
- Regulatory technology (RegTech) strategy
Broker-Dealers Expanding Products or Infrastructure
Registered broker-dealers seeking to add new business lines, expand into digital assets, or upgrade their trading and operational infrastructure. We manage the regulatory process while you focus on the business.
- Continuing Membership Applications (CMA)
- Digital asset product expansion
- Trading infrastructure upgrades
- Supervisory system modernization
Firms Developing ATS or Marketplace Capabilities
Companies building alternative trading systems, dark pools, or electronic marketplaces. We provide the full stack — from Form ATS filings and market microstructure design to surveillance systems and ongoing regulatory compliance.
- ATS formation and Form ATS filing
- Market microstructure design
- Matching engine and execution build-out
- Ongoing ATS compliance and reporting
Our Mission
The financial infrastructure that powers capital markets is extraordinarily complex — and the regulatory environment surrounding it is even more so. Most firms building in this space face the same challenge: the expertise required to navigate it successfully is rare, expensive, and hard to find.
Fintovra exists to change that. We bring together deep regulatory knowledge, operational experience, and technical capability to help firms build the infrastructure they need — faster, with fewer missteps, and with the confidence that comes from having done it before.
We believe the convergence of traditional and decentralized finance represents one of the most significant structural shifts in capital markets history. Our mission is to help the firms building at that intersection do it right.
Precision Over Speed
In regulated markets, getting it right matters more than getting it done fast. We build infrastructure that holds up under regulatory scrutiny.
Practitioner Knowledge
Our team has been inside the regulatory process — not just advising on it. That firsthand experience is the foundation of everything we do.
End-to-End Ownership
We don't hand off deliverables and disappear. We stay engaged through implementation, launch, and beyond.
Convergence as Opportunity
We see the intersection of TradFi and DeFi not as a compliance problem, but as the most interesting infrastructure challenge of our time.
Thought Leadership
Insights
Perspectives on broker-dealer formation, digital securities, ATS infrastructure, and the regulatory landscape shaping the future of capital markets.
Get in Touch
Schedule a Consultation
Every engagement starts with a conversation. Tell us about your project and we'll respond within one business day.
What to expect
Submit your consultation request with details about your organization and goals.
FINTOVRA reviews your submission and determines the most appropriate next step.
We reach out to schedule an introductory discussion tailored to your situation.