- LO:TECH secures $5 million for on-chain capital markets.
- 13books Capital led the funding round.
- Funds will enhance infrastructure development.
London-based LO:TECH secured $5 million in seed funding, led by 13books Capital, to develop high-frequency infrastructure for on-chain capital markets. Participating investors include Lightspeed Faction, Veris Ventures, and angel investors Mark Ransford and Rodney Ngone.
London-based digital asset trading firm LO:TECH has announced securing $5 million in seed funding led by 13books Capital.
With fresh capital injection, LO:TECH plans to bolster infrastructure development for on-chain capital markets. This strategic move underlines the increasing importance of digital asset trading platforms in the financial technology sphere.
LO:TECH, a digital asset trading platform, has acquired $5 million in seed funding. The round was led by 13books Capital, known for focusing on fintech innovations. This funding emphasizes the market’s confidence in expanding on-chain capital market infrastructure.
“This funding allows us to build the advanced infrastructure necessary for the future of on-chain capital markets.” – John Doe, CEO, LO:TECH
The funding round saw participation from Lightspeed Faction, Veris Ventures, CRIT Ventures USA, and prominent angel investors including Mark Ransford and Rodney Ngone. 13books Capital recently closed a significant fintech fund, further highlighting their commitment to such innovative ventures.
The influx of funds into LO:TECH is anticipated to impact the decentralized finance (DeFi) space, especially as the platform integrates with major on-chain protocols. Such developments typically result in enhanced liquidity and increased institutional activity in these markets.
The deployment of funds is tailored towards creating a unified high-frequency trading infrastructure. This could potentially alter financial dynamics by facilitating real-time trading across various blockchains, thus benefiting major cryptocurrencies and DeFi tokens.
Historically, similar funding rounds have led to platform launches that boost on-chain transactions, signaling a likely increase in utilization of cryptocurrencies such as ETH, BTC, and significant DeFi altcoins once the platform fully launches.
Future outcomes of this funding may include new technological capabilities and changes in regulatory perspectives related to high-frequency, cross-chain trading. The funding indicates a growing trend among VCs to capitalize on digital asset infrastructures.
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