Eris Innovations is a Chicago-based intellectual property licensing company that focuses on financial derivatives, particularly swap futures. Founded in 2010, the company has raised a total of $9.2 million in funding, including a significant $7.2 million round in 2023. Eris Innovations partners with global exchanges to license its proprietary Eris Methodology®, which allows for the replication of OTC swap cash flows in listed futures formats. The company offers a range of products, including Eris SOFR Futures, which serve as a low-cost and transparent alternative to traditional interest rate swaps. These products are designed for efficient hedging and include multi-currency coverage in USD, EUR, GBP, and ZAR. Eris Innovations also focuses on contract design that addresses regulatory challenges while providing standardized and accessible products. Its strategic partnerships, particularly with CME Group, enhance liquidity and distribution for its offerings, targeting hedgers and institutional traders who benefit from the efficiencies of listed futures.