
Open-source financial infrastructure
formance.com (opens in a new tab)Formance is open-source at its core and already powers financial operations for platforms running at global scale. It recently opened a New York office to bring that infrastructure directly to the US market. Open source is a meaningful choice for ledger infrastructure specifically: a company running its money movement on a black box has no way to verify the accounting, which is why the auditability of the code matters.