Novel liquidity management mechanism concludes funding round with $10 million secured from leading investors
New funds will fuel the next levels of adoption of a next-generation liquidity aggregation platform designed to enhance the trading experience for retail and corporate market participants.
FLUID liquidity aggregator raises $10 million, high-profile VCs led the round
According to the official announcement shared by the FLUID team, its strategic funding round has been concluded successfully. A total of $10 million were secured from a clutch of high-profile VCs.
Blockchain-focused venture capital heavyweights GSR, Ghaf Capital and 21Shares co-led the round. Along with better pricing, the FLUID team is confident that with the best VC support, they are ready to reduce latency for their clients’ trades and reduce spreads.
Ahmed Ismail, president and CEO of FLUID, highlights that the vision of his product is truly unique; it is designed to solve major issues in cryptocurrency trading and DeFi operations:
We are thrilled to have the support of top institutional investors, partners and the involvement of a dedicated world-class team to build our AI-powered crypto liquidity aggregation system. The current technology used to aggregate virtual liquidity lags years behind that used by traditional hedge funds and traditional financial institution trading desks, resulting in high fees and high latency in the crypto industry. . FLUID will transform the virtual asset industry by solving a number of combined challenges that stem from fragmented liquidity that remain unresolved today. Indeed, we offer retail and institutional investors access to a secure and robust framework to participate in the virtual asset market.
FLUID builds a one-stop solution: it will be useful for centralized exchanges, decentralized protocols (DeFis) and marketplaces for non-fungible tokens (NFTs).
Bringing an AI-powered quant-based engine to crypto trading: what is FLUID?
The FLUID team is made up of fintech veterans from Bank of America, Goldman Sachs, BlackRock and Jefferies, leading experts in traditional and digital banking.
The platform leverages a group of machine learning and quantitative-based methodologies used in the high-frequency trading world to optimize liquidity logistics across fragmented pools.
FLUID’s mission is to create a decentralized, fair, inclusive and transparent cryptocurrency ecosystem for all users of CeFi and DeFi products across multiple smart contract platforms.
