The crypto trade infrastructure startup, Theo, has raised a $ 20 million round led by HACK VC and Anthos capital. Other participants included cryptographic companies and individual investors affiliated with traditional commercial companies such as Citadel, Jane Street and JPMorgan.
Theo is developing a system that allows retail users to deposit digital assets in specific strategy vaults, according to a press release shared with COINDESK. These vaults are designed to provide access to advanced commercial strategies, including arbitration, coverage and optimization of the crossing rate of the cross chain, which are generally used by institutional players.
The platform operates in a personalized validator network that facilitates commercial execution in centralized and decentralized exchanges. It also imposes margin and collateralization requirements of the entire system.
The Startup was founded by former ex-appler and BMANT quant Traders Abhi Pingle, Arijit Pingle and Tk Kwon. “Today’s cryptographic markets are fragmented and inefficient, preventing daily institutions and users from accessing the complete promise of global finance and without permission,” said Abhi Pingle.
The press release indicates that commercial companies can use Theo’s infrastructure to improve capital efficiency by interacting with the funds deposited by the user, potentially increasing yields by administering execution and risk.
