The decentralized finance trading platform, Hashflow, raised $25 million in Series A financing to support its growth and upcoming entry into structured products. Thanks to the capital inflow, the company is now worth $400 million. In a blog post on Thursday, the company listed investors in this round naming Dragonfly Capital Partners, Electric Capital, LedgerPrime, Balaji Srinivasan, Jump Crypto, GSR, Kronos Research, Altonomy, Wintermute Trading, Coinbase Ventures, Kraken Ventures, Evernew Capital, Space Whale Capital, Fabric Ventures, Meltem Demirors, Anthony Sassano and Jason Choi. Hashflow informed on its website that the current raised fund would be used “to continue to build and scale regardless of market conditions.” Per the roadmap, the firm aims to introduce the trading platform on Solana during this year’s third quarter to facilitate native and cross-chain swaps. HashFlow Planning to Offer Structured Products HashFlow intends to create a decentralized request-for-quote (RFQ) platform “to effortlessly trade structured products,” such as options and exchange-traded funds, by the fourth quarter of this year in permitted jurisdictions. Founded in 2021, HashFlow provides a decentralized exchange (DEX) that employs an RFQ approach. The firm’s website states that this method eliminates the need for automated market makers, who are more “capital inefficient, consistently prone to dangers and cannot price non-spot assets,” an...
XRP Price Prediction For 24 November
