Insurance and financial derivatives for compute.
Forward Compute structures and places the risk-transfer instruments the GPU economy has been missing so operators can build, finance, and scale with certainty.
Every industry is adopting AI.
Compute is the cost of AI.
Yet nobody is hedging it.
Compute is a commodity lacking proper financial infrastructure and a risk market.
The GPU economy scaled faster than the financial infrastructure around it. Data centers build on multi-year horizons. GPU clouds finance on fragile revenue profiles. Buyers lock into commitments they cannot hedge.
The exposures are real: outages, vendor default, hardware depreciation, receivable risk, price dislocations. None of it is underwritten.
Price volatility
H100 rents fell steadily through 2024-2025, then jumped 40% in weeks in spring 2026. Multi-year compute budgets are built on assumptions no one can hold. This is exactly what hedging instruments exist for.
Operational risk
When a GPU cluster fails, the buyer loses revenue. The provider issues service credits worth a fraction of that loss. There is no product in the market that closes the gap. Until now.
Balance sheet risk
GPU clouds finance themselves with debt secured by depreciating hardware. The principal is fixed; the collateral isn't. Lenders have no way to transfer that mismatch. We do.
No other commodity this large
operates this way.
We structure the instruments.
Lloyd's and the capital markets carry the risk.
Forward Compute is a risk intermediary. We design the contracts, place them with insurance carriers and financial counterparties, and operate the indices they settle against. Our products span three families.
Built for every counterparty
in the compute value chain.
Different operators carry different exposures. Our product suite is designed so that every participant, from chip-to-cloud, from lender to hedge fund, can transfer the risks that sit uncomfortably on their balance sheet.
GPU Clouds
- Lock in forward revenue.
- Transfer GPU residual value risk.
- Insure reserved-instance contracts against outages and credit events.
- Improve the financeability of your balance sheet and extend the useful life of your fleet.
Data Center Operators
- Hedge power-compute spreads.
- Insure long-duration colocation SLAs.
- Transfer performance and credit risk that would otherwise sit unhedged on your books for the life of the lease.
AI Labs & Enterprises
- Fix compute costs without locking into a vendor.
- Insure against the outages that interrupt training runs or inference revenue.
- Hedge the multi-year price risk of product roadmaps and CAPEX plans.
Infrastructure Lenders
- Reduce the residual value and receivable risk embedded in GPU-backed debt.
- Transfer concentration risk to the insurance market.
- Unlock additional lending capacity at lower cost of capital.
Traders & Hedge Funds
- Take directional or relative-value exposure to the fastest-growing commodity of the decade, with structural dislocations driven by hardware cycles, power markets, and model efficiency.
Insurance Carriers & Reinsurers
- Access a new, diversifying line of risk backed by institutional indices and transaction data.
- Participate as underwriter on policies placed by Forward Compute into the Lloyd's and reinsurance markets.
Purpose-built indices
for insurance and derivative settlement.
Forward Compute products settle against an index designed for the product's use case. Those indices are transaction-based, manipulation-resistant, and governed to institutional standards, not scraped from public offer boards.
Contact us for more details on methodology and governance.
Talk to our teamInstitutional-grade. Audit-ready.
Designed for CFOs first.
Every design choice in our product and index suite is made with carriers, auditors, independent data providers and regulators in the room. Traders adapt to institutional products. Institutions do not adapt to traders' products.
Regulated placement
Insurance products are arranged and placed through the Lloyd's market under a regulated broker structure. All policies are issued by Lloyd's syndicates and rated reinsurance carriers.
Transaction-based indices
Our index methodology relies on real trades, not scraped offer boards, not surveys. Conservative governance; manipulation-resistant by construction.
Transparent structures
Our derivative documentation is built on the ISDA framework. Every index has a public methodology. Every change to either is noticed, versioned, and auditable.
Institutional-grade compliance
Compliant processes with complete KYC/AML protocols. Designed end-to-end for the carriers, auditors, and regulators that institutions answer to.
The risk transfer layer
for AI infrastructure.
The compute economy is here. Forward Compute is its risk transfer layer.