UK

[Funding alert] UK Startup Ostium Labs Secures $3.5M Seed Round Funding

Oct 10, 2023 | By Startup Rise EU

Ostium Labs has raised $3.5M from General Catalyst and LocalGlobe, with participation from Susquehanna International Group (SIG), DeFi Alliance, Balaji Srinivasan, Shiliang Tang (LedgerPrime), and nearly 20 additional founders, investors, and advisors.
co-founder of Ostium - Kaledora Kiernan-Linn

Ostium Labs has raised $3.5M from General Catalyst and LocalGlobe, with participation from Susquehanna International Group (SIG), DeFi Alliance, Balaji Srinivasan, Shiliang Tang (LedgerPrime), and nearly 20 additional founders, investors, and advisors.

This funding will facilitate the launch of our flagship protocol, the first decentralized, non-custodial perpetuals exchange for Real World Assets. Our launch comes at a critical time in financial markets. Unprecedented growth in the monetary base, supply chain bottlenecks, and rapid geopolitical change since 2020 drove inflation to 40-year highs.

Read also - French SaaS Firm, Scnd” Raises €4 million in Funding

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] Speedinvest Secures €350 Million in Funding
Startup Rise EU
Jan 31, 2024
recomd
Funding
PIXEVIA funding news – Retailtech Startup PIXEVIA Secures €1.5 Million in Funding
Startup Rise EU
May 20, 2024
recomd
Recent Articles
[Funding alert] Berlin-based INSRD Secures €500k in Pre-Seed Funding
Startup Rise EU
Mar 7, 2024

Unsurprisingly, investors are increasingly diversifying into alternative asset classes. This is true both on- and off-chain. In traditional markets, consumer trading of institutionally-dominated commodities is through the roof, with 90% YoY volume growth in micro contracts for metals and crude oil last year. Niche alternatives like investable fine wines and fractional Private Equity are seeing traction as well.

Read also - Finnish AI Governance Startup Saidot Raises €1.75M Seed Round Funding

Kaledora Kiernan-Linn, co-founder of Ostium said, “Perpetuals have grown exponentially in the last eighteen months. Yet the market lacks a dedicated platform for traders who want direct on-chain exposure to a broader range of asset classes. We're building Ostium to fill this gap, and drive the next wave of mainstream adoption by accelerating the transition of RWAs from narrative to reality.".

Read also - Ukraine-based Product Development Company Trinetix Raises $10 million in Funding

The vast majority of these on-chain Real World Asset solutions are geared towards long-term holders, rather than traders. Yet if there’s one area of crypto with Product Market Fit, it’s trading. The growth in perpetual futures volume the last 18 months has been exponential.

Read also - French cybersecurity Firm Nano Corp has Raises a $4.2 million Seed Round Funding

About Ostium

Our founders met at Harvard in a freshman economics class before both working briefly at Bridgewater Associates. We first bonded over our shared experience competing in high-stakes environments, Marco as an International Physics and Math Olympiad medalist, and Kaledora in a previous career as a professional ballerina with the Royal Danish Ballet.

Read also - Hungary-based Startup Flawless Secures $2.2 Mn in Seed Funding

We’re building to bridge this gap, through the first decentralized perpetuals DEX purpose-engineered for Real World Assets, starting with commodities and FX.

Read also - London-based Lottie Secures €20 million Series A Round Funding

Recommended Stories for You

story
Funding

Adam Funding news – Czech-based Adam Secures €3 Million in late Seed Funding

Startup Rise EU Jul 16, 2024

story
Funding

Gendo funding news – London-based Gendo Secures $1.1Million in Funding

Startup Rise EU Jul 3, 2024

story
Funding

En Carta Diagnostics funding news – Deeptech Startup En Carta Diagnostics Secures €1.5 Million in Pre-Seed Funding

Startup Rise EU May 22, 2024

story
Funding

Trustap funding news- Marketplace Transaction Platform Trustap Secures €5.08 Million in Funding

Startup Rise EU Jul 9, 2024

story
Funding

FlamAid funding news – Barcelona-based FlamAid Secures €250k in First Funding

Startup Rise EU Jul 9, 2024

story
Funding

[Funding alert] London-based Koalaa Secures €1.1 Million in Funding

Startup Rise EU Feb 16, 2024