Scale and reach Forge Trust already serves over 1.7 million accounts with more than $14B in assets under custody, indicating a large, active client base and strong high-volume custody capabilities ripe for cross-sell existing clients with advanced custody, reporting, and private market solutions.

Private market focus Specialization in custody administration and reporting for non-publicly traded alternative investments positions Forge Trust to upsell services to private market participants and add-on solutions around private equity, venture, and other alt assets leveraging Forge Global's liquidity ecosystem.

Tech-enabled edge A modern tech stack including React, Bootstrap and cloud/security tools suggests a scalable, API-friendly platform ideal for institutions seeking integrated custody workflows, automated reporting, and enhanced data governance for retail and institutional clients.

Growth signals Revenue in the range of 100M to 250M alongside a mid-sized employee base signals room for expansion through new product modules, regulatory-compliant reporting enhancements, and expanded services for both retail and institutional segments.

Strategic partnerships Aligned with Forge Global for liquidity and operating in the broader financial services ecosystem, Forge Trust can pursue co-sell opportunities with custodial, liquidity, and advisory players targeting private markets, as well as solutions for fund managers and wealth platforms.