Ostium Raises $24 Million Including $20 Million Series A Led by General Catalyst and Jump Crypto
According to Ostium’s press release, the Arbitrum-based protocol plans to expand asset coverage and scale infrastructure following $27.8 million in total funding, highlighting growing DeFi disruption in traditional markets.
Ostium Labs announced it has secured $24 million in new funding, comprising a $20 million Series A co-led by General Catalyst and Jump Crypto and a $4 million strategic round. Built on Arbitrum, Ostium offers on-chain perpetual swaps tied to equities, commodities, indices, and FX, with $25 billion in cumulative trading volume and over 95% of open interest in traditional markets. The protocol segregates collateral in smart contracts to ensure self-custody. Backers include Balaji Srinivasan, LocalGlobe, SIG, Crucible Capital, GSR, Nick Van Eck, Shiliang Tang, and angels from Bridgewater, Two Sigma, and Brevan Howard. Ostium will use funds to expand asset coverage and scale infrastructure, aiming to disrupt the global CFD broker market through DeFi.
- On-chain perpetual swaps: Blockchain-based derivatives contracts without expiry dates, enabling continuous trading and settlement directly on a decentralized protocol.
- CFD (Contract for Difference): A financial derivative allowing traders to speculate on asset price movements without owning the underlying asset, settled by the difference in value.
- Self-custody: A practice where traders retain full control over their assets, typically through private keys, without relying on third-party custodians.