Ostium Labs Raises $3.5M for Real World Asset Trading Platform
Ostium Labs, a London, UK-based provider of a hybrid pooled liquidity model, recently announced that it has raised $3.5M in funding. The funding round was co-led by General Catalyst and LocalGlobe, with participation from SIG, DeFi Alliance, Balaji Srinivasan (former Coinbase CTO), Vessel Capital, and others. This infusion of funds will be used to expedite the launch of Ostium Labs' flagship Protocol, an on-chain trading hub designed for Real World Assets (RWAs).
By leveraging the Ostium protocol, traders will now have the opportunity to gain price exposure to a wide range of asset classes that were previously inaccessible on-chain.
The team behind this groundbreaking project, led by Kaledora Kiernan-Linn and Marco Antonio, has developed a decentralized perpetuals exchange that is specifically engineered for Real World Assets. Through its hybrid pooled liquidity model, Ostium Labs enables traders to engage in no-slippage trading at oracle price.
In order to mitigate liquidity provider directional risk exposure, Ostium Labs has implemented a delayed maker-taker order matching system. This innovative approach ensures a fair and efficient trading environment for users. To further enhance the user experience and garner valuable insights, the protocol will be deployed on testnet during the fourth quarter of this year.
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