Decentralized trading platform Ostium has announced the completion of a $20 million Series A funding round, led by General Catalyst and the crypto division of Jump Trading, with participation from Coinbase Ventures, Wintermute, GSR, and others. The post-investment valuation is approximately $250 million. Ostium was founded by two Harvard graduates and focuses on perpetual contracts for real-world assets such as stocks, metals, oil, and certain cryptocurrencies. The company plans to leverage blockchain technology to enter the offshore brokerage market, serving non-US investors seeking access to the US market. (Fortune)
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Decentralized trading platform Ostium has announced the completion of a $20 million Series A funding round, led by General Catalyst and the crypto division of Jump Trading, with participation from Coinbase Ventures, Wintermute, GSR, and others. The post-investment valuation is approximately $250 million. Ostium was founded by two Harvard graduates and focuses on perpetual contracts for real-world assets such as stocks, metals, oil, and certain cryptocurrencies. The company plans to leverage blockchain technology to enter the offshore brokerage market, serving non-US investors seeking access to the US market. (Fortune)