VETA Finance, an on-chain platform supporting margin trading of structured products, has closed its US$2.85 million strategic funding round.
Matrixport Ventures, the VC arm of Matrixport, led the round with the participation of imToken Ventures, WT Capital, Future Money Group, and 280 Capital.
The money will be used further to optimise the supply of the platform’s structured products, strengthen its IT system, and achieve a new round of business growth.
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“Digital assets are among the world’s most volatile yet fast-growing asset classes. To enable investors to navigate the opportunities within the crypto industry, VETA Finance transforms the ‘volatility bonus’ of these assets into financial products that are convenient and accessible. With the support of our investors, we plan to enhance our offerings, maximising safety and returns, said Founder Daniel.
VETA Finance specialises in structured products for digital assets, including the entire service chain of decentralised financial platforms, structured product quotations and operations for exchanges and other channels. Backed by its trading desk, it has developed a Margin System for ‘exotic options’, allowing investors to buy structured products by pledging mainstream assets like BTC and ETH so that investors can earn from both the collateral and the structured products while holding onto their assets.
Exotic options are hybrid financial securities that offer unique and customisable payment structures, expiration dates, and strike prices. The assets that underlie these options also include non-traditional assets and securities.
Together with its OTC Request for Quotation System, Automated Dynamic Hedging System, and Pool Valuation Monitoring System, VETA Finance creates a secure and efficient on-chain structured product platform.
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VETA Finance offers a variety of products with different returns and risk structures, such as Snowball, Snowball with Floor, Enhanced Snowballs, FCNs, Shark Fins, and Dual Currency to meet the needs of diverse customers. The core structured product “Snowball” has exceeded sales of US$20 million.
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