Solidus Labs
SOLIDUS THESIS 2026

$16 Trillion Is Moving Onchain.
Who's Guarding It?

Solidus Labs. The Compliance OS for What Finance Is Becoming.

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SOLIDUS THESIS 2026
SOLIDUS LABS

$16 Trillion
Is Moving Onchain.
Who's Guarding It?

Solidus Labs — Born in Crypto.
The Compliance OS for What Finance Is Becoming.

BUILT FOR:
01Every Market.
02Every Asset.
03Every Threat.
ONE PLATFORM.
WHY NOW · WHY SOLIDUS

Two Waves.
One Company at the Intersection.

A structural disruption in financial markets. A separate disruption in how compliance operations are run. Both are creating enormous tailwinds – and Solidus is built to capture both.

WAVE 01
Finance Is Moving
Onchain
$16T projected onchain economy by 2030. Stablecoins. Tokenized securities. Prediction markets. AI-driven trading. Every new format is a new compliance surface — and none of the existing tools were built for it.
● Greenfield compliance market
● Legacy tools architecturally incompatible
● Every new institution needs guardrails from day one
×
WAVE 02
The Services
Disruption
AI agents are replacing the first line of defense in every services business. For every $1 spent on compliance software, $6 are spent on compliance labor. The autopilot captures the labor budget — not just the software budget.
● $274B compliance labor market
● L1 triage already outsourced — vendor swap, not reorg
● Software TAM: $6B trade surveillance → Labor TAM: $20–50B
SOLIDUS AT THE INTERSECTION
The Compliance Autopilot for the Onchain Era.
Seven years of head start. The data no one else has. The clients that matter. A capital injection will convert our software, knowledge, brand, and distribution into an agent workforce that operates HALO — accelerating Solidus into a new growth category entirely.
Wave 1
ONCHAIN FINANCE
+
Wave 2
SERVICES DISRUPTION
=
Generational
COMPLIANCE OS
ACT I — THE STRUCTURAL SHIFT
CAPITAL MARKETS ARE BEING RE-ARCHITECTED

Four Tectonic Forces Are
Simultaneously Reshaping Finance

Infrastructure, participation, intelligence, and market format are all changing at once. This isn't a cycle. It's a structural rewrite of how capital markets operate – and it's compounding.

01 — INFRASTRUCTURE
Finance Is Moving Onchain
Stablecoins · Tokenized Assets · Programmable Rails

The settlement and issuance layer of finance is migrating to programmable blockchain infrastructure. Stablecoins ($305B market cap, $4T+ annual transaction volume) are already live. Tokenized assets are next – spanning securities, real estate, commodities, and any offchain asset wrapped in an onchain representation. Beyond that, entirely new instruments will be issued natively onchain for the first time, with no offchain counterpart at all. Each layer expands the compliance TAM: wrapped offchain assets bring existing obligations onto new rails; native onchain assets create net-new ones.

GENIUS Act (2025) mandated AML/TM compliance for all US stablecoin issuers. MiCA (EU), Hong Kong SFC, and other regulators mandating Trade Surveillance for digital asset service providers. BlackRock, BNYM, Franklin Templeton actively tokenizing. $16T onchain economy projected by 2030.
02 — PARTICIPATION
Retailization of Markets
$84T Wealth Transfer · Options 25%→45% · Information Parity

The largest generational wealth transfer in history is moving capital to a cohort that trades digitally, 24/7. Share of 25-year-olds with investment accounts is 6× higher than in 2015. Retail inflows reached ~$1.3B per day in 2025 — up 30%+ YoY. Pre-COVID, retail rarely exceeded 10% of equity volume. Today it regularly accounts for 20–37% of daily volume. Real-time data, social signal aggregation, and AI-assisted analysis have collapsed what was once an insurmountable information gap between retail and institutions.

Retail participation disperses order flow across venues and wallets in ways that break venue-centric surveillance.
03 — INTELLIGENCE
Agentic Finance
AI Agents as Market Participants · The Compliance Capacity Crisis

AI agents are no longer just tools – they are market participants. In our base case, they account for 15–20% of order flow by 2028. In the upside scenario, 40%+. But their share of compliance alerts is disproportionately higher: they transact at machine speed, across hundreds of venues simultaneously, 24 hours a day. The compliance event volume this generates is incompatible with human-staffed operations.

Automated trading systems can generate new orders and cancellations in sub-millisecond timeframes, reacting to real-world data, order book dynamics, and market signals faster than any human. Cancellation ratios can reach 99.99% or higher — and the line between legitimate market making and illegal spoofing or layering becomes nearly impossible to detect at scale without AI-native infrastructure. We project a 150–800× increase in total compliance-relevant events as markets move onchain and go 24/7. Compliance departments do not have the human capacity to absorb this. Agentic workflows with human oversight will become the operational norm – not a choice, but a structural necessity.
The AI agent market itself is projected to grow from ~$7–8B in 2025 to $50B+ by 2030 – a 45% CAGR. Every agent that trades requires AI-native oversight. Solomon is that infrastructure.
The talent supply is also failing: 88% of US banks added senior compliance governance roles in 2025, yet the compliance talent shortage is structural and worsening. The workforce to staff the compliance operations that modern markets require simply does not exist. Agentic compliance isn't just faster – it's the only viable path.
04 — MARKET FORMAT
New Markets, No Precedent
Prediction Markets · 24/7 Perpetuals · DEX Pools

Regulated prediction markets (DCMs) feature event-driven manipulation risks that no existing surveillance library covers. Meanwhile, hundreds of onchain DEXs and perpetual vaults allow for exposure to real assets like Brent Crude, 168 hours per week, with no consolidated tape and no closing bell.

Kalshi signed with Solidus after evaluating every incumbent. They needed surveillance built for information-based manipulation, OSINT signals, and onchain funding mechanics – nothing else could do it.
"We believe the next generation for markets and next generation for securities will be the tokenization of financial assets." — Larry Fink, CEO, BlackRock · Annual Chairman's Letter to Investors, 2026
"The move to tokenization and the onchain economy — it's the way the world will be… maybe a couple of years from now." — Paul Atkins, SEC Chairman, on US financial markets moving onchain, Fox Business News, December 2025
THESE FORCES ARE RESTRUCTURING FINANCE ACROSS ALL THREE LAYERS SIMULTANEOUSLY
⛓️
PILLAR 1 — ISSUANCE
Onchain Native Securities
Tokenized traditional assets + natively issued onchain instruments with no offchain counterpart. Two layers — both need compliance rails. Only the second expands the TAM.
Every net-new onchain asset class is a compliance TAM expansion event.
🔄
PILLAR 2 — DISTRIBUTION
24/7 Programmable Liquidity
Broker-dealers, dark pools, DEX pools, bridges, AMMs, stablecoin rails — operating 168 hours a week. Capital flows cross-product and cross-venue to the nth degree. A single position touches a spot exchange, perp vault, bridged wrapper, and lending protocol within seconds.
No legacy compliance system was built to monitor across all of them simultaneously.
🤖
PILLAR 3 — MANAGEMENT
Autonomous Vault Strategies
DeFi vaults, onchain yield strategies, and AI-driven rebalancing are replacing human fund managers. Autonomous systems are both market participants and sources of systemic risk — requiring a new compliance category.
Autonomous strategies + programmable assets + 24/7 markets = cannot be met with batch-processing legacy tools.
THE 10× COVERAGE GAP

Legacy Compliance Was Built
for a Single-Surface Market

The risk surface of markets is expanding combinatorially across every dimension at once.

THE RISK SURFACE EXPANSION FORMULA  ·  Traditional tools pull data once a day. The attack surface moves in milliseconds.
Risk Surface ≈ Market Structure (venues × assets × instruments) × Participants (retail + institutions + AI agents) × Data Planes (onchain × offchain) × Context (jurisdictions × velocity × signals)
= A single manipulation scheme spanning a crypto token, its related ETF, a prediction market contract, and an onchain derivative — simultaneously, across venues — breaking every venue-centric surveillance legacy model ever built
THE COMPLIANCE SURFACE — PARTICIPANTS × VENUES (ILLUSTRATIVE)
Each cell = a distinct manipulation surface. Lines show how a single scheme crosses participants and venues simultaneously — invisible to any single-venue tool.
Legacy World 3 × 3 = 9 surfaces
Lit Exchange
OTC Desk
Dark Pool
Institutions
Broker-Dealers
Retail
Predictable · contained · batch detection works
→
+3
participants
+7
venues
Today's Surface 6 × 10 = 60 surfaces
Lit Exch. OTC Dark Pool CEX DEX/AMM DeFi Pool Perp Venue Pred. Mkt Bridge Stable Rail Institutions Broker-Dealers Retail AI Agents Crypto-Native Stablecoin Iss.
Coordinated pump
Layering scheme
Cross-venue wash loop
Each scheme spans multiple participants and multiple venues simultaneously — cross-product, cross-venue to the nth degree. No single-venue legacy tool can see any of them. Only a platform that holds the full picture across all cells can detect the pattern.
FRAGMENTED INFRASTRUCTURE
Same Asset, Different Price

CEXs, DEX pools, bridges, perps and OTC desks quote identical tokens with no NBBO in sight. 75+ chains, each speaking its own data dialect with no universal symbol framework. Liquidity jumps chains in seconds via wrapped tokens and bridges, breaking venue-centric surveillance models entirely.

Legacy tools were built assuming one order book. The real market has thousands of them.
ALWAYS-ON, SENTIMENT-DRIVEN
No Closing Bell

Crypto trades 24/7/365 — equities cover barely 30% of that window. Social-based retail swings can move billions in minutes, potentially outside traditional market hours. Wallet hops, mixers, Discord chatter and onchain bots all must be fused with order-book data to catch risk in real time.

168 trading hours per week. Batch-processing tools that poll daily miss the entire attack window.
PROGRAMMABLE MANIPULATION
Code-Based Assets, Code-Based Attacks

Tokens are grounded on smart contract logic — attackers can affect that code mid-trade. Cross-venue wash loops, oracle hacks, and MEV attacks fire in under 1 second — faster than legacy monitors poll. Discord-driven volatility can trigger onchain events before surveillance even ingests the signal.

The attack surface is milliseconds wide. The detection window for legacy tools is hours or days.
THE OPPORTUNITY

Economic Value Is Migrating Onchain — At Scale.
The Workforce Is Moving to Agents.

The onchain economy isn't a niche. It's becoming the dominant infrastructure for capital formation, settlement, and exchange. And as AI agents replace the first line of compliance defense, the addressable market shifts from software spend to labor spend – a meaningful expansion of the prize. Solidus is built for both.

ONCHAIN ECONOMY TRAJECTORY
2018–2020
$10B
Early DeFi Summer
Solidus founded. First generation crypto compliance. Fragmented, experimental.
2021–2023
$100B+
Institutional on-ramp begins
Coinbase IPO, Bitcoin ETF discussions, institutional crypto desks launch. Solidus Series A & B.
2024–2025
$305B
Stablecoin market cap – today
GENIUS Act. Bitcoin ETFs approved. BlackRock tokenizes. Schwab, Fidelity, JP Morgan enter crypto.
2026–2028
$5–8T
Projected tokenized asset volume – onchain trading, native issuance, tokenized securities
Prediction markets mainstream. AI agents account for 15–20% of order flow – generating a disproportionate share of compliance alerts at machine speed. Stablecoin market cap projected $750B–$1T. Every new format needs compliance infrastructure from day one.
2030E
$16T
Projected total onchain economy
BCG / institutional consensus. Includes stablecoins, onchain securities, tokenized assets, DeFi.
A GENERATIONAL COMPANY IN THE MAKING

Not a RegTech Company.
The Integrity Infrastructure
of the Next Capital Market.

The most durable infrastructure companies don't serve markets – they become the rail every participant depends on. Visa owns the payment integrity layer. SWIFT owns the messaging layer. Solidus is positioned to own the compliance and integrity layer for the next generation of global capital markets – onchain and off, TradFi and DeFi, today and what comes next.

$6B
TRADE SURVEILLANCE — where Solidus is native
$25B
RISK & COMPLIANCE — TS + AML/TM/identity/reporting
$20–50B
AGENTIC LABOR — compliance headcount converting to software
TRADE SURVEILLANCE
Surveillance for traditional and onchain assets, where Solidus is native. $3B → $6B by 2030, ~15% CAGR — frontier markets pull us into TradFi customers and venues.
RISK & COMPLIANCE
Owning trade surveillance — the most sensitive data layer — gives us a strategic right to expand across the value chain with better-together solutions.
AGENTIC LABOR
Compliance-operations labor converting from headcount to software — the automatable slice of the $206–275B global compliance cost pool.
$50–80B long-run opportunity, entered through the $6B beachhead we already win today.
Trade surveillance is the wedge — the hardest problem, solved first, for customers who trust us with their most sensitive data. From there, the path runs through the rest of risk & compliance and into the agentic labor market Solomon is built to capture.
GO-TO-MARKET

Land Through Onchain.
Expand Share of Wallet.

Three bets, running in parallel — each pulling the next one forward.

01 · OUR CALLING CARD
Grow the Core
· Penetrate Tier 1–2 institutions coming into onchain assets
· Expand into geographies where licensing regimes are activating — EU/UK, AU/NZ, Japan
· Lead frontier markets — prediction markets, stablecoins, tokenized RWA
· Strengthen regulatory partnerships — CFTC, HK SFC, NFA, FINRA
02 · PULLED IN BY THE CORE
Displace Legacy Incumbents in TradFi
· Displace incumbents for traditional markets inside our own customer base — every onchain win asks "can you do our equities too?"
· Penetrate new retail brokerage players
· Partner with market infrastructure players for distribution (B2B2B)
03 · THE WEDGE
Embed in Workflows & Expand Across the Value Chain
· Capture workflows with Solomon's agentic AI — sits on top of incumbents' stacks, replaces them service by service
· Expand across the risk & compliance value chain through better-together solutions
· Evaluate M&A to accelerate time to market in adjacent domains
Time · Risk · Reward — each bet lands sooner and de-risks the next.
The core is what makes Solidus impossible to ignore. Displacing incumbents is what turns a foothold into a full TradFi relationship. Expanding across the value chain is what turns a compliance vendor into the compliance department's infrastructure.
ACT II — THE PLATFORM
WHY SOLIDUS, WHY NOW

Seven Years Ago, We Predicted This Moment.
We've Been Building for It Ever Since.

01
Regulatory Gates Open
GENIUS Act mandated surveillance for stablecoin issuers. The CLARITY Act defines the regulatory perimeter for digital asset securities. The OCC approved new narrow-charter banks for digital asset firms – a structural shift as significant as GENIUS. ESMA MiCA live – Solidus sole provider. Every major jurisdiction – US, EU, HK, SG, UAE, Japan – codifying compliance requirements simultaneously, while consulting Solidus. Compliance is now a licensing condition.
02
TradFi Crypto Land Grab
Schwab, Fidelity, JP Morgan, Wells Fargo, Morgan Stanley – all actively entering crypto now. Average deal size with TradFi clients is 5–6× larger than crypto-native. The Schwab deal closed in 6 months (vs. 18–24 for a typical TradFi SaaS sale). And every TradFi client asks the same follow-up question: "Can you do our equities too?" – a baked-in expansion opportunity that comes with every T/C deal signed.
03
New Market Formats — No Incumbents
Prediction markets, stablecoin issuers, onchain native venues, DeFi protocols – to attract institutional capital and maintain a level playing field, surveillance isn't optional. It's what separates platforms that can credibly compete for institutional flow from those that can't – and it's a licensing condition. These are greenfield wins. Kalshi evaluated every major vendor and chose Solidus. The pattern repeats: new format, one credible option.
04
Solidus Is Already the De Facto Standard
For four years, Solidus has served as the SEC's close partner for crypto and cyber enforcement. Solidus is also ESMA's sole designated provider under MiCA, covering all 30 EU NCAs. CFTC GMAC appointed. Citigroup named Solidus market leader. Schwab, Fidelity, BGC, Webull all chose us. DACOM Summit (our flagship event) is where the global compliance community meets. We didn't find product-market fit – we built the category.

In our seed deck, we wrote that TradFi would enter crypto and need this infrastructure. We spent seven years building in crypto — earning the trust of exchanges, shaping the regulation, proving the technology. Now Schwab, Fidelity, and BGC are signing. We saw the world going there.

THE SOLUTION

HALO: The Agentic Compliance OS
for Every Market, Every Asset

A single platform that ingests onchain and offchain data, runs 70+ detection typologies across every asset class and venue, and resolves alerts at machine speed through agentic AI. Forced to innovate for fragmented & illiquid markets – tomorrow's problem, solved today.

Crypto-native by design – not retrofitted from TradFi architecture. Built for the problem incumbents cannot solve.
Onchain + offchain data fusion in one unified multidimensional schema – no other vendor unifies these.
Any EVM chain + Solana, 500+ DEX pools, prediction markets, stablecoin rails – broadest cross-surface coverage in the market.
Proprietary Most Meaningful Venues methodology detects market abuse without full data feeds – breaking the incumbents' cost structure and their lock-in model.
Agentic AI overlay that runs on top of competitors' products as a wedge into locked accounts.
Solomon's agentic workflows have cleared regulatory review at Schwab, Fidelity, and ESMA – human-in-the-loop maintained throughout, meeting the highest institutional compliance bars.
THE ARCHITECTURE ADVANTAGE

One Platform. Every Signal.
The Only Fully Integrated Defense

SOLIDUS HALO — CROSS ONCHAIN & OFFCHAIN MULTIDIMENSIONAL COVERAGE
ONCHAIN DATA
  • Wallet Addresses
  • Blockchain Transactions
  • Scams & Exploits
  • DEX Trades
  • Any EVM Chain + Solana
MARKET DATA
  • Public Trades
  • VWAP / TWAP
  • Order Books · 150+ Venues
OFFCHAIN DATA
  • Social Media & News
  • KYC Integration
  • FIAT Deposits & Withdrawals
  • Orders & Executions
  • Third-Party Data
⛓️
Onchain Threat Intelligence
Real-time blockchain monitoring · wallet risk scoring · exploit detection
🔍
Transaction Monitoring
AML/CFT · cross-rail · stablecoin · GENIUS Act · account takeover & fraud
📊
Trade Surveillance
70+ manipulation typologies · cross-venue · prediction markets · 24/7/365
UNIVERSAL
VIEW
⚡
HALO
PLATFORM
→
AGENTIC AI
Solomon
20× triage · auto-resolution · regulatory draft filings
DASHBOARD
Risk Dashboard
Unified alert queue · real-time scoring · human-in-the-loop
VALIDATION
HALO Model Testing
Backtesting · false positive reduction · audit trail
The only platform with native onchain + offchain data fusion in a single unified schema — no stitching, no gaps, no lag.
● Onchain ● Market ● Offchain ● HALO Unified
THE ONCHAIN COMPLIANCE COLLAPSE — WHY ONLY SOLIDUS CAN SEE THE FULL PICTURE

When Markets Move Onchain, Trade Surveillance and Transaction Monitoring Become One Problem.

In traditional finance, trade surveillance and transaction monitoring are separate disciplines — different vendors, different teams, different data. That separation made sense when markets were offchain: trades happened on exchanges, money moved through banks, and the two worlds rarely intersected. When market structure moves onchain, that separation becomes architecturally impossible to maintain.

A single onchain transaction is simultaneously a trade and a fund flow. A perpetual vault position is simultaneously a market event and a financing instrument. Inter-participant transfers — funding, cashout, cross-participant flows — are simultaneously market microstructure signals and AML-relevant behavioral data. The disciplines don't just overlap. They collapse into each other.

Polymarket and HyperLiquid proved this in production. Most firms can do one or the other. NICE Actimize does transaction monitoring. Nasdaq SMARTS does trade surveillance. Neither can combine them — they were architecturally built for the offchain world where the two disciplines were separate. Solidus built natively for the onchain world where they are one. Only Solidus can surface the full picture.

🧬
Native Architecture
Built for fragmented, 24/7, multi-chain markets from day one. Not retrofitted from TradFi roots.
🔐
Unbeatable Data Moat
Trade flow, fiat & crypto transactions, KYC, KYT, investigation history. Proprietary, institution-held, impossible to replicate.
🤖
Agentic-First
Solomon investigates, resolves, and drafts filings autonomously. Built on data no competitor can train on.
📈
Compounding Revenue Optionality
KYT, BestEx, TCA, alpha decay, risk measures, mark-outs, reg reporting — each a standalone revenue stream on the same foundation.
THE DATA MOAT

A Super Dataset No Competitor
Can Replicate.

Solidus is trusted by 80+ enterprise clients — including the world's largest exchanges, broker-dealers, and TradFi institutions — with their most sensitive asset: the complete, unredacted record of their financial activity. No other firm on the planet holds this combination.

LAYER 01 — MARKET BEHAVIOR
Full trade and order flow
Every order, cancellation, execution, and routing decision across 80+ client venues — onchain and offchain. The most commercially sensitive dataset in capital markets, shared with Solidus because compliance requires it.
LAYER 02 — FINANCIAL FLOWS
Fiat + crypto transactional data
KYC identity records, KYT behavioral histories, and the complete fiat and crypto transaction record across every client — both rails, unified in one schema.
LAYER 03 — INVESTIGATION HISTORY
Every case, alert, and resolution
Every investigation step, workflow action, escalation decision, and SAR filing across 7+ years of production deployments. The labeled training data that makes Solomon smarter with every case closed.
LAYER 04 — EXTERNAL SIGNALS
Onchain + OSINT + sentiment fusion
75+ chain analytics, cross-venue microstructure, social sentiment, news events, and regulatory intelligence — fused into the same unified schema. No other compliance platform aggregates at this breadth.
WHY THIS WINS IN THE AI ERA
We are not a single-signal vendor. That's the moat.
SumSub sees the fiat leg. Chainalysis sees the wallet. Nasdaq SMARTS sees the trading pattern. Nobody else sees the actor. Because Solidus unifies all four layers into a single behavioral identity that persists across rails, Solomon trains on a dataset no competitor can buy, build, or replicate. The model gets smarter in a way that compounds — every new client, every new case, every new market adds signal that widens the gap.
●
Nasdaq SMARTS / Eventus
Trade signals only — no wallet, no fiat, no identity
●
Chainalysis / SumSub
Wallet signals only — no trading behavior, no case history
●
NICE Actimize / Unit21
Case workflow only — dependent on upstream surveillance
★
Solidus Labs
All four layers — the unified actor model. The only complete picture.
AGENTIC AI — SOLOMON

Solomon Doesn't Assist Compliance.
It Does the Work.

Most AI companies sell the tool. Solomon sells the outcome — replacing the first line of compliance defense entirely, not assisting it.

$274B+
global financial crime compliance spend
LexisNexis True Cost of Financial Crime 2023
300K+
compliance professionals globally
Basel Institute / industry estimates
60–70%
of analyst time on L1 alert triage — the most repetitive, lowest-value task
Industry benchmark; Solidus customer interviews
20×
faster triage with Solomon — 5+ hours per alert → 15 minutes end-to-end
Measured across production deployments
Mid-Size Crypto Exchange
$900K–$2.25M labor saved
3–5× ROI · under 3 month payback
TradFi Bank Entering Crypto
$2–6.5M labor saved
3–4× ROI · under 2 month payback
Prediction Market / New Format
$350K–$1.2M saved
2–3× ROI · under 4 month payback
The key shift: Solomon moves the buyer from CCO to CFO and COO. Labor savings alone exceed the cost of the software at most customers — making Solidus an infrastructure investment with measurable payback, not a compliance cost. This also means Solidus is insulated from budget cuts: the ROI case is stronger when cost pressure is highest.
THE AUTOPILOT THESIS

A Software Company
Masquerading as a Services Firm.

For every $1 spent on compliance software, $6 are spent on compliance labor. Solomon changes the unit economics – not by making compliance teams more productive, but by doing the work itself. That shifts the TAM from software spend to labor spend — from the $6B trade surveillance market toward the $20–50B agentic labor opportunity.

YESTERDAY — COPILOT
Sell the tool.
AI makes the compliance analyst faster. Customer still needs the analyst. TAM = software budget. Captured value: 10–20%.
Race against the model. Every competitor can build a copilot.
WHERE SOLIDUS IS GOING
TODAY — AUTOPILOT
Sell the outcome.
Solomon does the compliance work. Customer buys the result, not the seat. TAM = labor budget. Captured value: 30–50%.
Every model improvement makes Solomon faster, cheaper, and harder to displace.
TOMORROW — ENDGAME
Become the department.
Solomon handles L1 → L2 → L3. From alert triage to judgment calls to regulatory filings. The compliance department runs on Solidus infrastructure.
Proprietary data on how the world's best compliance teams make decisions. No competitor can train on this.
THE LAND → EXPAND → OPERATE MOTION
🪝
LAND
Win on surveillance
HALO trade surveillance becomes the compliance system of record. License dependency makes switching costly. Schwab, Fidelity, BGC — landed.
→
🤖
EXPAND
Layer Solomon on top
Solomon replaces outsourced L1 alert triage. Vendor swap, not a reorg. Budget already exists. ROI immediate. ACV 3–5× on expansion.
→
🏛️
OPERATE
Run the compliance function
As Solomon accumulates judgment data across thousands of institutions, L2 and L3 follow. The compliance department runs on Solidus. Pricing shifts to % of labor replaced.
WHY OUTSOURCING IS THE WEDGE
L1 alert triage is already outsourced
Banks and exchanges already send their first-line compliance work to Accenture, Deloitte, and third-party KYC/AML shops. It's pure intelligence — rules-based, repetitive, high-volume. Solomon walks in as a vendor swap. No reorg required. The budget line already exists.
L2 and L3 judgment is the long-term TAM
Senior compliance officers making escalation decisions, SAR filings, regulatory responses — that's insourced judgment work today. As Solomon compounds proprietary data on what good compliance judgment looks like across thousands of cases, the frontier shifts inward. L1 today. L2 tomorrow. L3 is the endgame.
COMPETITIVE ADVANTAGE

Why Incumbents Cannot Copy
What We've Built

The structural advantage isn't features – it's architecture. Incumbents were built for centralized, single-surface TradFi. You cannot retrofit that for the market that's emerging.

Capability SOLIDUS LABS NICE Actimize / Nasdaq SMARTS Eventus / Behavox
Crypto-native architecture✓ Native✗ Retrofitted✗ Retrofitted
Onchain + offchain data fusion✓ Unified schema✗ Offchain only✗ Offchain only
Prediction market surveillance✓ Kalshi signed✗ None✗ None
Stablecoin / cross-rail TM✓ Circle, Bastion✗ NonePartial
Agentic AI triage (20×)✓ Solomon in production✗ Roadmap only✗ Roadmap only
No proprietary feed dependency✓ Level 1 market data only✗ Proprietary lock-inPartial
EU MiCA regulatory credential✓ Sole EU provider✗✗
24/7 real-time OSINT + sentiment✓ LiveBatch / headlines only✗
Proprietary super dataset — trade flow, fiat & crypto TXs, KYC, KYT, investigation history✓ 7+ years · 80+ enterprises✗ No cross-client data✗ No cross-client data
Time to value — Trade Surveillance deployment✓ 4–12 weeks✗ 12–24 months✗ 12–18 months
Kalshi evaluated every major vendor → chose Solidus  |  BGC ran RFP vs. NICE Actimize, Nasdaq, Kx, Eventus → chose Solidus  |  Schwab signed → immediately asked for equities coverage
In 2025, we closed 37 net-new logos. Almost 70% were competitive wins against Nasdaq or Eventus; the remainder came from customers who chose us outright.
THE COMPOUNDING ADVANTAGE

Platform Shifts Create New Category Leaders.
Then a Flywheel Locks It In.

This only happens when there's a genuine shift in architecture — not a feature race. On-prem to cloud. Offchain to onchain. Same mechanic, different decade.

THE PRECEDENT
CrowdStrike didn't beat Symantec and McAfee by building a better on-prem product. It won because its cloud-native architecture matched where the market was going.
The incumbents' products were built around on-prem servers and signature updates. They responded with acquisitions and bolted-on "cloud editions" — but couldn't rebuild the core without re-architecting the whole platform. This is the same problem SMARTS and Actimize face today, except the shift isn't on-prem to cloud, it's offchain to onchain. Legacy, venue-centric surveillance and labor-heavy compliance workflows were never built for 24/7, cross-asset, onchain markets. Nasdaq generates roughly $500M from trade surveillance and about $1B across regtech; NICE Actimize ranks second, followed by a steep drop-off — a market that consolidates to a winner, not a crowd.
01 → BETTER PRODUCT, FASTER WINS
More typologies detected, faster, across more asset classes and venues than any point solution.
02 → MORE CUSTOMERS
Every institution entering onchain or frontier markets has one credible option — the moat compounds with each account.
03 → MORE DATA, MORE TYPOLOGIES
Each new client adds trade flow, wallet history, and investigation outcomes to the same super dataset.
04 → BETTER DETECTION & INSIGHTS
On-chain, the bad actor at one client is the same wallet at the next. Every institution we add makes all the others safer — which feeds back into 01.
THE UNFAIR ADVANTAGE
All the right clients. Schwab, Fidelity, BGC, Kalshi, Crypto.com — the institutions whose workflows generate the most valuable training data are already on HALO.
All the right data. Seven years of proprietary signal on what good compliance judgment looks like. No competitor can buy this.
All the right distribution. DACOM, CMIC, the Trade Surveillance Academy — the compliance community meets on Solidus's turf.
Nobody else is positioned to see distributed, multi-signal markets — incumbents' venue-centric architecture was never built to see across clients.
The advantage isn't any single feature. It's a gap that widens with every account we add — and it only exists because we're built on the architecture the market is moving toward, not the one it's moving away from.
ACT III — THE TRACTION
TRACTION

We Are at Our Inflection Point.
Ready to Take Off.

Multi-year, multi-product contracts with Fidelity, Schwab, Kalshi, and 80+ enterprise clients — growing on every axis that matters.

109%
YoY Growth
60%
ACV Growth (2026)
117%
Net Retention (NRR)
98%
Gross Retention (GRR)
80+
Enterprise Logos
OUR CLIENTS

Trusted by the World's Most Important
Market Participants & Regulators

REGULATORS & SUPERVISORS — MARQUEE RELATIONSHIPS
SEC
US · ACTIVE
Close Partner for Crypto & Cyber Enforcement
Four-year relationship at the highest level of US financial regulation — technical depth, enforcement support, crypto market integrity.
ESMA
EU · ACTIVE
Sole MiCA Provider + 30 EU National Competent Authorities
Sole surveillance provider under EU MiCA — covering ESMA and all 30 EU NCAs.
NYDFS
VARA
SDNY
FINRA pipeline
NFA pipeline
MFSA Malta
MAS pipeline
HK SFC pipeline
JFSA pipeline
CFTC pipeline
COMMERCIAL CLIENTS
Charles Schwab
T/C → T/T
TS + Execution Quality · equities expansion underway
Fidelity
T/C → T/T
TS + AI overlay · equities expansion in view
Kalshi
DCM · T/T → T/C
Prediction markets · live surveillance contract
Crypto.com
C/C
TS · multi-year contract
BGC
T/T
Fixed income + EQ · multi-year contract
Circle / USDC
C/C · Stable
Ecosystem monitoring · onchain TM
Webull
T/C → T/T
26M+ retail users · crypto TS US & Canada · equities next
Laser Digital
C/C · T/C
Nomura Group · onchain + offchain TS · DeFi + OTC venues
Bastion
Stable · T/C
Sony-backed · stablecoin TM
ByBit
C/C
Global crypto exchange · HALO TS
OUR STORY

Goldman Sachs Roots.
Crypto-Native Architecture. Built for Both.

In 2018, as Goldman's trading floor began examining crypto, our founders noticed a structural gap: the SEC kept rejecting Bitcoin ETF applications due to insufficient surveillance. The existing tools were built for centralized, consolidated TradFi — not the fragmented, 24/7, multi-chain reality of digital assets. So we left Goldman to build what didn't exist. Eight years later, we've shaped the regulation, trained the compliance community, and are now the de facto category winner.

2018
Founded — left Goldman
2019
PMF research · 200+ compliance officer interviews
2020
Launched HALO · exchanges, broker-dealers, OTC desks, liquidity providers — primarily offchain
2021
Series A · SEC signed · doubled revenue · onchain trading emerging
2022
Series B · onchain capabilities launched · serving offchain & onchain firms · founded CMIC · published regional compliance playbooks
2023
Deployed successful logo acquisition strategy in crypto winter — more than doubled logo count
2024
Won 80% of licensed entities in HK market · UAE market penetration · engineering focus on institutional readiness
2025
CFTC GMAC · Solomon launch · 2× ARR · ESMA MiCA · crypto.com, ByBit, Flowdesk, Webull, Laser Digital, GMO Trust, MFSA
2026
Schwab, BGC, Fidelity, Kalshi · CLARITY Act · TradFi adoption at scale
CFTC GMAC Appointed Member
EU MiCA Sole Provider
RegTech 100 Global
Citigroup Market Leader
CMIC Founder — 50 firm coalition
Born in Crypto. The Compliance OS for What Finance Is Becoming.
The agentic compliance OS for the next generation of capital markets.
Asaf Meir, Co-Founder & CEO  |  asaf@soliduslabs.com  |  soliduslabs.com
50 W 23rd St, Suite 802, New York, NY 10010