Novaprime Utilizes Tradeweb’s Electronic Trading Solutions to Enhance Mortgage Trading Platforms

Novaprime, a mortgage technology company dedicated to making homeownership more affordable, today announced a collaboration with Tradeweb, a leading, global operator of electronic marketplaces for rates, credit, equities and money markets.

The collaboration leverages Novaprime’s lender-focused Loan Intelligence and Marketplace products and Tradeweb’s electronic trading execution platform, to offer a new solution for hedging mortgage-related risk for the mortgage industry. Built on the Canton Network, the solution aims to assist mutual clients of Novaprime and Tradeweb with reducing risk and hedging costs by offering automated hedging tools and integrated trading connectivity to Tradeweb.

"We believe loans should be committed and delivered the day of closing, and automating risk management including hedging is as essential to our goals as the loan commitments themselves," said Linus Petrén, Chief Executive Officer of Novaprime. "This collaboration seamlessly integrates Tradeweb’s best-in-class electronic trade execution technology with our Loan Intelligence platform, a major step forward in increasing efficiencies and cost savings for lenders, and ultimately making homeownership more affordable.”

For lenders, hedging their pipeline is essential to protect against downside risk and requires daily management with repetitive tasks. Through this collaboration, we expect lenders and investors to be able to streamline hedging their pipeline and manage trades as they commit loans.

“We are pleased to provide Novaprime with access to our deep pool of mortgage liquidity to enhance and streamline the mortgage hedging process. By leveraging the Canton Network, we’re aiming to unlock new efficiencies across mortgage markets -- as Tradeweb is looking to do in other markets as well. This is a strong example of how innovation can bridge traditional mortgage markets with the growing digital asset ecosystem,” said Chris Bruner, Chief Product Officer, at Tradeweb.

“Novaprime and Tradeweb’s collaboration highlights the growing momentum of the Canton Network to solve real-world financial market challenges,” said Yuval Rooz, Co-Founder and Chief Executive Officer of Digital Asset. “By enabling seamless connectivity and greater operational efficiencies, while also offering configurable privacy, Canton demonstrates how blockchain is delivering greater value across the mortgage markets.”

In January, Novaprime completed a STRATMOR audit demonstrating that its Loan Intelligence solution has the potential to become a market leader, transforming the mortgage document review process. The company made its public debut and official launch of its AI-powered Loan Quality Platform in October, which is designed to improve the mortgage process by quickly evaluating loan integrity, reducing processing time from weeks to just days. For more information about Novaprime, visit https://novaprime.com/.

About Novaprime
Novaprime is a mortgage technology company dedicated to making homeownership more affordable. By leveraging emerging technologies like AI and Distributed Ledger Technology, Novaprime drives substantial savings and empowers lenders to offer more competitive mortgage products. As an approved technology provider with Freddie Mac and others, Novaprime is transforming how mortgage institutions and capital markets approach mortgage as an asset class. For more information, please visit https://novaprime.com/.

About Tradeweb Markets
Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale, retail and corporates markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 3,000 clients in more than 85 countries. On average, Tradeweb facilitated more than $2.2 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.

About the Canton Network
The Canton Network is the first public, permissionless blockchain purpose-built for institutional finance—uniquely combining privacy, compliance, and scalability. Governed by the Global Synchronizer Foundation with participation from leading global financial institutions, Canton enables real-time, secure synchronization and settlement across multiple asset classes on a shared, interoperable infrastructure. Initially developed by Digital Asset and now open-sourced, Canton supports decentralized governance and collaborative app development. By overcoming the limitations of existing blockchains, Canton unlocks new efficiencies for regulated institutions and facilitates the convergence between traditional finance and institutional crypto.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.

We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in the documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. In particular, preliminary average variable fees per million dollars of volume traded and preliminary fixed fees for rates, credit, equities and money markets are subject to the completion of management’s final review and our other financial closing procedures and therefore are subject to change. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future events or performance and future events, our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if future events, our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of events, results or developments in future periods.

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