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About Temporal
Temporal is a Solana-native research and development firm that builds no end-user product, working instead with protocols, foundations and market-making teams on engineering and mechanism design. It maintains LiteSVM and Bankrun, two open-source test frameworks that let developers run program tests locally against near-mainnet execution, operates high-performance validators, and has designed quality-of-service scheduling for Solana and contributed to its transport layer. Its commercial product Nozomi is a transaction landing service that pushes signed transactions into leader blocks by priority.
Clients include foundation teams, DeFi protocols and quantitative desks, and delivery is code, research and embedded engineering rather than subscription software. Compared with firms such as Gauntlet or Blockworks Research, it sits closer to the client and validator layers, where findings turn directly into code, and it brings priority fees, durable nonces and stake concentration into public discussion.
Over the past six months, Temporal completed a leadership transition and strategic upgrade. Michael Marcantonio, who spent five years at Galaxy Digital and served as its Head of DeFi, became CEO, bringing on-chain trading and corporate strategy experience to the Solana infrastructure R&D firm. Temporal had previously designed the Harmonic modular client and operates HumidiFi, one of Solana's leading proprietary AMMs.
Under Michael's leadership, Temporal submitted SIMD 547 to the Solana governance forum in August, proposing a resource-based fee model with 100% of new fees burned, increasing SOL burn alongside network activity. The firm also plans to expand from spot AMMs into on-chain perpetual futures, prediction markets, options, and structured products, and is exploring the regulatory path and partnerships needed to operate in ADGM and DIFC.
Michael has publicly stated that Temporal aims to challenge the traditional financial order represented by Goldman Sachs, JPMorgan, and Morgan Stanley, building a next-generation on-chain financial system capable of holding trillions of dollars in global capital rather than patching the existing one. Near-term priorities are institutional-grade order management, risk engines, and market connectivity — the plumbing that lets institutions trade on-chain the way they trade off-chain — to support tokenized equities, futures, and prediction markets. He expects meaningful institutional volume within a year on on-chain venues that did not exist two years ago, with everyday investors ultimately benefiting from lower access costs.
Ben Coverston — Co-founder, Engineering; previously co-founded MRGN Research and did quant research at Citadel Securities.
Jakob Povšič — Co-founder, Engineering; former core engineer at marginfi and senior software architect at globaliD.
Cathy Yoon — General Counsel; responsible for legal and compliance.