Platform overview

One regulated venue for California's three markets

California Stock Exchange unifies regulated equities, digital assets, and private & SMB markets on a single venue - with transparent price discovery, real-time surveillance, and instant, final settlement that members, issuers, investors, and regulators can verify for themselves. Lower listing costs and a streamlined regulatory path open these markets to small-cap, high-growth companies that traditional exchanges price out.

The California Stock Exchange trading floor at night
Settlement speed

T+0

Instant, same-day finality for digital assets.

A regulated venue that satisfies regulators, members, issuers, and investors

One unified rulebook

3

Markets - equities, digital assets, and private - on one venue.

Why California Stock Exchange™ exists

California's economy is the largest in the country, yet its companies still raise capital across fragmented, opaque venues - public equities on one system, private shares in manual back rooms, and digital assets with no consistent rulebook. The result is thin liquidity, slow settlement, uneven investor protection, and listing costs that lock out smaller issuers.

California Stock Exchange was built to bring those markets together - from a Series A startup to a public giant - on one transparent, regulated venue. We match orders on a lit order book, clear and manage risk, and settle trades with finality; every settlement is captured in a secure, independently verifiable record that members, issuers, investors, and regulators can check for themselves. The output isn't a delayed report. It's a verifiable settlement certificate the whole market can trust. And because we keep listing costs low and the regulatory path streamlined, we open public capital to small-cap, high-growth companies that traditional exchanges leave behind.

Exchange data center infrastructure
The San Francisco skyline

California Stock Exchange

The exchange built for California's economy

Our mission

To bring California's companies - from Series A startups to public giants - onto one transparent, regulated exchange. By making listing more affordable and the regulatory path more efficient, we give every issuer and investor access to capital, liquidity, and price discovery that public markets historically reserved for the largest companies.

The exchange building at night

Our vision

The most trusted companies of the next era are listed, traded, and settled in California.

  • Independence by design
  • Real-time, transparent markets
  • Proof, not promises
Architecture principles

Built so no single desk can alter the record

California Stock Exchange is engineered around a separation of powers: the desk that matches a trade cannot also be the one that settles and records it. Three independent layers enforce this.

Market data & matching

Matches orders on a transparent order book. Real-time surveillance flags anomalies and potential market abuse as they happen.

Clearing & risk

Nets matched trades, manages counterparty risk and margin, and captures each settlement in a secure, independently verifiable record.

Settlement record

Tamper-proof, timestamped settlements backed by a secure record. Any authorized participant can independently verify the record for themselves.

List. Trade. Settle. In California.

See how California Stock Exchange connects to your existing trading and custody stack across equities, digital assets, and private markets - through standard market-data and order-entry interfaces, no rip-and-replace required.

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Demo site — for demonstration only, not a live exchange