Hashflow raises $25 million to support structured product launch

Hashflow, the decentralized finance trading platform, raised $25 million in a Series A round to fund its expansion and launch into structured products later this year.

The capital infusion brings the company’s valuation to $400 million. 

In an blog post on Thursday, the company said investors in this round included Electric Capital, Dragonfly Capital Partners, LedgerPrime, Balaji Srinivasan, Jump Crypto, Wintermute Trading, GSR, Kronos Research, Altonomy, Coinbase Ventures, Kraken Ventures, Fabric Ventures, Evernew Capital, Spacewhale Capital, Meltem Demirors, Anthony Sassano and Jason Choi. 

The newly raised capital will be used “to continue to build and scale — regardless of market conditions,” the firm said in the post on its website. According to Hashflow’s roadmap, the firm aims to deploy the trading platform on Solana by the third quarter of this year to enable native and cross-chain swaps.  

It also is planning to offer structured products in allowed jurisdictions by the fourth quarter of this year, launching decentralized request-for-quote (RFQ) platform “to seamlessly trade structured products,” including options and exchange-traded funds. 

Founded in 2021, Hashflow offers a decentralized exchange (DEX) that uses an RFQ model. According to the company’s website, this approach allows professional market makers to manage liquidity pools – rather than relying on automated market makers that are more “capital inefficient, routinely prone to risks […] and cannot price non-spot assets.”

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