- On Wednesday, Arbelos Markets announced that the company had raised $28 million in a recent round of debt financing and seed money.
- With participation from Circle Ventures, Aevo, Polygon, Deribit, Immutable, and other investors, Dragonfly Capital led the investment round.
The cryptocurrency liquidity service Arbelos Markets has raised $28 million in a round of debt and startup funding.
The financing was led by Dragonfly Capital, with participation from investors such as Aevo, Polygon, Deribit, Immutable, and Circle Ventures. Arbelos Markets intends to expand its product line and market reach, hire more employees, and upgrade its quant trading infrastructure using the money it has raised.
According to a statement released on Wednesday by Joshua Lim, co-founder and CEO of Arbelos Markets, the company is replacing the pre-FTX trading system with one built on verifiable trust.
In 2023, Lim—a former trader at Galaxy and Genesis—and Shiliang Tang—a former CIO at digital asset hedge fund LedgerPrime—founded Arbelos Market. With the help of their in-house Transparency Engine, which was created by traders and quants with backgrounds in both traditional finance and cryptocurrencies, they aim to become a primary dealer.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
