Tokenovate has expanded its engineering team with four senior appointments as it seeks to meet growing client demand in the automation of post-trade processes and digital settlement. The UK-based fintech has filled key roles in engineering and platform development, targeting enhanced delivery at a time of significant change in market infrastructure.
Engineering appointments
Andy Roberts joins Tokenovate as Head of Engineering. He previously held senior roles at Apollo GraphQL and RS Components, where he led enterprise systems development and managed teams serving a multi-billion pound eCommerce business. Roberts's responsibilities will include driving application engineering and supporting scalable product delivery.
The Common Domain Model (CDM) team welcomes two new members. Mengyan Li joins as Senior Software Engineer, bringing experience from Dolby, Ocado, Marshmallow, and Featurespace, where she oversaw development of a real-time machine learning platform for financial crime detection. Vishal Joshi assumes the position of Principal Engineer. Joshi has over 15 years of experience in enterprise software and previously oversaw cloud-based data platform development at EMBL-EBI.
Platform and infrastructure
Steve Rigby has been appointed Head of Platform, leading Tokenovate's cloud engineering, infrastructure, and DevOps functions. Rigby's background spans both start-up and large enterprise environments, with expertise in compliance, security, and cloud operations. The hire aims to support ongoing platform scale-up as client and regulatory requirements intensify, particularly leading up to anticipated changes in settlement timelines.
T+1 settlement readiness
The appointments come as the financial industry prepares for the transition to T+1 settlement by October 2027, a move expected to reshape operating models across capital markets. Tokenovate's focus on distributed systems and CDM-based automation reflects broader sector trends aimed at increasing efficiency, reducing risk, and streamlining post-trade workflows.
In October, Tokenovate launched Novat, described as a programmable settlement protocol for tokenised assets. The system is intended to facilitate instant and legally final settlement, with ambitions to improve liquidity and reduce counterparty risk for market participants.
Growth ambitions
"Strengthening our engineering and platform teams with Andy, Mengyan, Steve and Vishal positions us to deliver at greater scale with the speed and quality our clients expect. They join us at a pivotal moment as we help transform post-trade processes through tokenisation, smart contracts and distributed event-driven systems. With the launch of Novat, which delivers instant, atomic and legally final settlement, and as the industry prepares for T+1 settlement by October 2027, we expect strong momentum and growth in the year ahead," said Richard Baker, CEO, Tokenovate.
