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Arbelos Markets Successfully Raises $28 Million in Investment Round
Crypto principal trading firm Arbelos Markets recently announced 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, revealed that the fundraising campaign included seed equity and debt financing, with leading participation from crypto venture capital firm Dragonfly Capital.
Key Investors in the Round
- Room40 Ventures
- Selini Capital
- Breed VC
- FalconX
- Circle Ventures
- Paxos
- P2 Ventures (previously Polygon Ventures)
- Deribit
- Chorus One
- StarkWare
- Immutable
Additionally, angel investors from Aevo, Cega, Talos, Amberdata, and Framework also contributed to the investment round.
Arbelos Markets’ Strategic Positioning
Arbelos Markets, headquartered in the British Virgin Islands, aims to address the needs of sophisticated investors by providing liquidity and hedging solutions through crypto derivatives and options. The company seeks to fill the gap left by the market turmoil of previous years and cater to the evolving demands of the digital asset industry.
Prior to founding Arbelos in late 2023, Shiliang Tang served as the chief investment officer at quantitative digital asset investment firm LedgerPrime, while Joshua Lim held key positions at Galaxy and Genesis.
Focus on Transparency and Risk Management
Joshua Lim highlighted the importance of transparency in the crypto industry, citing it as a crucial factor that can prevent future crises. Arbelos aims to tackle this issue by implementing a “transparency engine” that allows clients to verify the company’s risk profile, balance sheet, and counterparty exposure in real-time.
Arbelos actively participates in centralized and on-chain derivatives and options marketplaces, serving as one of the largest options block liquidity providers. Within its initial six months, the firm has achieved a derivatives trading volume exceeding $25 billion in notional value.
Industry Growth and Investment Trends
The crypto venture capital funding landscape has been thriving, with funding surpassing the $1 billion mark for the second consecutive month. This trend underscores the sustained interest of investors in the digital asset industry.
In the first quarter of 2024, Web3 startups secured nearly $1.9 billion in funding across 346 deals, indicating a significant increase in both the total amount invested and the number of projects receiving VC funding since the last quarter of 2023.