Axis Secures $5 Million in Funding Led by Galaxy Ventures
The oversubscribed round, joined by OKX Ventures and others, precedes Axis’s ambitious $10B deposit goal and public token sale planned for early 2026.
Summary
Axis completed an oversubscribed $5 million private funding round led by Galaxy Ventures, with participation from OKX Ventures and additional investors. The raise was oversubscribed fourfold. In a closed test, Axis deployed $100 million in capital, achieving a Sharpe ratio of 4.9. The protocol has set a $10 billion deposit target ahead of its public token sale scheduled for early 2026.
Terms & Concepts
- USD-pegged digital asset: A cryptocurrency whose value is tied to the U.S. dollar to maintain price stability.
- Yield: Income earned on an investment, often expressed as a percentage of its value, in crypto typically from lending or staking.
- Sharpe ratio: A measure of risk-adjusted return, calculated by dividing investment returns minus the risk-free rate by the investment’s standard deviation.