Edge Tradeworks
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Edge Tradeworks (also known as Loan Transactions & Technology, or LT&T) was a Charlotte, North Carolina fintech company founded in 2016 by industry veterans John Roberts and Hughie Choe. Its cloud-based platform was an institutional-grade electronic marketplace for whole-loan trading: financial institutions such as banks and credit unions could buy and sell loans, negotiate with counterparties, and use Wall Street-level pricing analytics, custom peer comparisons, and board-level performance reports to make informed trading decisions. Since inception it provided analytics to hundreds of financial institutions and saw millions of dollars in loans traded on its platform.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
John Roberts and Hughie Choe founded Edge Tradeworks (Loan Transactions & Technology) in Charlotte, North Carolina, to make whole-loan trading more efficient, transparent, and profitable.
- Funding rounds
The company raised seed rounds in 2019, 2020, and April 2022, and received investment capital from FTX Ventures in June 2022.
- Acquired by Capstack
On July 17, 2024, Capstack Technologies announced the acquisition of Edge Tradeworks, combining whole-loan and participation trading on a single platform for financial institutions.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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