Crypto Trading Firm Arbelos Markets Raises $28 Million in Oversubscribed Investment Round
Crypto principal trading firm Arbelos Markets announced on Wednesday the successful raise of $28 million in an investment round that was significantly oversubscribed.
The company, co-founded by digital asset derivatives veterans Joshua Lim and Shiliang Tang, said the fundraising campaign encompassed seed equity and debt financing, with leading participation from crypto venture capital firm Dragonfly Capital.
A diverse range of investors also joined the round, including investment firms Room40 Ventures, Selini Capital, and Breed VC, as well as corporate partners FalconX, Circle Ventures, Paxos, P2 Ventures (previously Polygon Ventures), Deribit, Chorus One, StarkWare, and Immutable.
Angel investors from Aevo, Cega, Talos, Amberdata, and Framework also contributed to the investment.
The substantial investment comes at a time when the digital asset industry is recovering from the aftermath of the crypto credit crisis in 2022, which led to the downfall of several companies such as BlockFi, Celsius, and Three Arrows Capital.
As the asset class matures, more sophisticated and traditional players are entering the market, transforming it from its earlier retail-driven beginnings into a market resembling traditional financial markets.
We're seeking partners across the ecosystem who share our enthusiasm for creating new financial products and building towards a sustainable crypto derivatives market – please reach out!
— Arbelos Markets (@Arbelosxyz) May 8, 2024
Arbelos, headquartered in the British Virgin Islands, seeks to fill the void left by the previous market turmoil, catering to sophisticated investors’ liquidity and hedging requirements through crypto derivatives and options.
Prior to establishing Arbelos in late 2023, Shiliang
Read more on cryptonews.com
