Novellus completed a bilateral repo transaction without prime-broker intermediation.

Novellus is a financial technology platform modernizing securities lending for institutional participants. It enables beneficial owners and borrowers to transact directly through a principal-to-principal model, improving transparency, control, and economic outcomes. Novellus DirectLink supports the full securities lending lifecycle - from pre-trade negotiation and execution to real-time collateralization, settlement, and post-trade management and reporting. By combining modern technology with institutional-grade infrastructure, Novellus provides greater visibility and control over lending activity. By reducing reliance on intermediary balance sheets, transactions can better reflect underlying economics and risk rather than regulatory capital constraints. This approach helps align incentives between counterparties and enhances overall market efficiency. Founded by industry veterans in securities finance and capital markets technology, Novellus offers an alternative model that complements existing infrastructure while improving transparency, efficiency, and value for both lenders and borrowers.

Founded 2024