California Stock Exchange brings members, issuers, investors, and regulators onto one regulated venue. We match orders, settle trades instantly, and give each participant a verified, scoped view they can trust without trusting any single desk. No one can alter another participant's record. No single desk controls the truth.
Verify without trusting. Any authorized party can independently confirm a settlement against a tamper-proof record — no reliance on any single desk.
A single venue serves members, issuers, regulators, custodians, investors, and market makers simultaneously. Each participant sees a view scoped to their role.
The broker-dealer or trading firm executing across public equities, digital assets, and private & SMB markets. Connects an OMS/EMS into the matching engine through standard order-entry and market-data interfaces.
Public companies, private and SMB issuers, and digital-asset offering sponsors raising capital. Need transparent price discovery and a clean path from private to public — at a cost that finally makes public markets reachable for small-cap, high-growth companies.
The SEC, FINRA, the California DFPI, and CFTC for certain digital assets. Regulators need real-time surveillance and an independently verifiable record with full chain of custody — not after-the-fact reporting.
Qualified custodians safekeeping securities and digital assets. Need a continuous, tamper-proof settlement trail to reconcile against instead of end-of-day batch files.
Liquidity providers quoting two-sided markets across the venue. Need low-latency access, predictable settlement, and a level playing field instead of fragmented, opaque venues.
Asset managers, pension funds, and digital-asset desks deploying capital across the venue. Need institutional-grade protections and an independently verifiable record to price and trade with confidence.
Directors and executives of listed and private issuers carrying responsibility for fair markets in their securities. Need a defensible, independently verifiable trading and settlement record behind every disclosure.
State and federal agencies supporting California's capital formation, small-business access to capital, and market-structure policy. Need transparent, verifiable market data to back high-integrity policy.
Every participant reads from the same secure, independently verifiable settlement record - but each one sees a view scoped to their role. No desk can edit, suppress, or fabricate another participant's record.
| Participant | Access level | Primary view | Can independently verify |
|---|---|---|---|
| Member | Read & submit orders | Member trading dashboard | |
| Issuer | Read-only · scoped | Listing & trading performance | |
| Regulator | Read-only · jurisdictional | Surveillance & settlement records | |
| Custodian | Read-only · accounts scoped | Continuous settlement trail | |
| Market maker | Read & submit quotes | Order book & settlement status | |
| Investor | Read-only · per instrument | Price discovery & proof of settlement | |
| Board & management | Read-only · enterprise-wide | Disclosure & market integrity | |
| Government & policy | Read-only · jurisdictional | Aggregate market data |
See exactly what your members, issuers, regulators, and custodians would see — before you give them access.