Arbitrum-based DEX Ostium secures $20M funding to scale its crypto and real-world asset trading
Crypto Briefing
Arbitrum-based DEX Ostium raised $20 million to build a decentralized platform for trading crypto and real-world assets via perpetual contracts.Summary
Ostium, a decentralized exchange built on the Arbitrum network, has secured $20 million in funding to advance its platform for trading real-world assets (RWAs) and crypto through perpetual contracts. Founded by Harvard graduates, Ostium aims to bridge traditional commodity markets, like gold and oil, with decentralized finance by allowing users to trade these assets on-chain using stablecoin collateral like USDC. The platform operates entirely on-chain, eliminating traditional brokers, and utilizes a dual-oracle system for accurate RWA pricing. These perpetual futures contracts, which do not expire, are designed to offer high-speed, low-fee trading popular among leveraged traders.
(Source：Crypto Briefing)