Stoa builds an RFQ marketplace and planned exchange for GPUs
Stoa, a Y Combinator Summer 2026 startup, runs a GPU RFQ marketplace and plans a CFTC-regulated exchange for GPU price risk.
Stoa builds an RFQ marketplace and planned exchange for GPUs
Stoa, a San Francisco startup in Y Combinator's Summer 2026 batch, runs a live request-for-quote marketplace where companies buy and sell GPUs through vetted dealers. Buyers receive binding quotes from verified suppliers. Y Combinator's listing says more than $300 million in RFQs ran through the marketplace in its first month. Resource Recycling reports that the company's backers include Decacorn Venture Capital and that the founders keep investment amounts private. The founders are Berat Celik (CEO), Eren Berke Saglam (CFO) and Kaan Yigit (CTO). Stoa also offers Stoa Intelligence, a GPU price benchmark and fleet valuation tool for lenders and data center operators.
GPUs now serve as collateral as well as compute. Resource Recycling cites more than $48 billion of GPU-backed lending so far in 2026. Pricing for that hardware still depends largely on private dealer relationships. Stoa says it wants to build the exchange for physical AI hardware, starting with GPUs. Its planned Stoa Exchange would list futures, swaps and options on GPU price risk. The exchange license is pending, and the CFTC would regulate it.
For lenders and data center operators, a transaction price history for GPUs could support collateral valuation and hedging of hardware price risk. For builders who buy GPUs, competing binding quotes may make pricing easier to compare. Investors should note that the RFQ figure is a quote volume, not completed sales, and the exchange cannot launch before its license is granted.