Capitolis enables firms to optimise their balance sheet exposures by eliminating unnecessary positions and finding the most suitable party to hold the remaining positions. Targeting equities and FX, to date Capitolis has eliminated $5 trillion in overall positions for more than 50 financial institutions.

"We are excited to have three of our trusted partners provide further support for our vision and business model focused on transforming the marketplace for the benefit of all participants," said Gil Mandelzis, CEO and founder of Capitolis.

Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development, as well as expand sales and marketing initiatives in the months ahead.

"We are proud to support Capitolis and its innovative approach to capital optimisation and efficiency," said Okan Pekin, Global Head of Securities Services at Citi. "We have been growing supporters of the platform since its inception and believe Capitolis' unique approach will play a significant role in enhancing global markets by driving increased industrywide collaboration to achieve higher growth."

"State Street is very pleased to announce this latest investment, which is another significant milestone in our three-year partnership with Capitolis,"said Tobias Krause, Head of Global Markets Resource Management for State Street. "Their products have improved resource efficiencies and unlocked previously idle capacity in OTC markets."