The firm recently secured $3.5m in funding, with investment heavyweights General Catalyst and LocalGlobe leading the charge. Additionally, the round saw participation from notable names such as Susquehanna International Group (SIG), DeFi Alliance, Balaji Srinivasan, Shiliang Tang from LedgerPrime, and a host of other founders, investors, and advisors.
Ostium Labs is at the forefront of introducing a monumental shift in the financial market landscape. They are preparing to unveil their flagship protocol – a unique decentralised, non-custodial perpetuals exchange crafted for real-world assets. This comes at a pivotal time, especially considering the seismic disruptions in global financial markets triggered by various factors ranging from inflation peaks, surging interest rates, to tectonic shifts in geopolitical dynamics.
The newly acquired $3.5m will primarily be channelled towards the launch of this promising protocol. (...)
General Catalyst Partner Nick van Eck and Managing Director Kyle Doherty remarked, “Blockchain-based networks are seeking to transform the core infrastructure of the financial world through reduced transaction costs, improved settlement times, and composability. We believe that new financial primitives like Ostium will contribute to the much-needed upgrade of the system for all financial assets… We are excited to share in the company’s values and partner.”