Jump Crypto, General Catalyst Lead $20M Series A for Onchain Tradfi Perps Firm Ostium
Ostium Labs raised $24 million, including a $20 million Series A led by General Catalyst and Jump Crypto, to expand its on-chain perpetuals protocol.Summary
Ostium Labs, the team behind the Arbitrum-based perpetuals protocol Ostium, announced it has raised $24 million in total funding, comprising a $20 million Series A co-led by General Catalyst and Jump Crypto, plus a $4 million strategic round. This brings the total funding to $27.8 million. Ostium offers self-custodial, on-chain perpetual swaps tied to traditional assets like stocks, commodities, indices, and FX, positioning itself as a crypto-native alternative to broker-run CFDs. The protocol has processed $25 billion in cumulative trading volume, with over 95% of open interest in traditional markets. CEO Kaledora Kiernan-Linn stated the ambition is to disrupt the global CFD broker market. The new funds will be used to expand asset coverage and scale infrastructure. Existing backers include Susquehanna International Group (SIG) and angels from firms like Bridgewater and Two Sigma.
(Source：CoinDesk)