The Crypto trading infrastructure startup, Theo has raised a 20 million dollars round led by Hack VC and Anthos Capital. The other participants included cryptocurrency native companies and individual investors affiliated with traditional trading companies such as Citadel, Jane Street and JPMorgan.
Theo is developing a system that allows detail users to deposit digital assets in strategy-specific safes, according to a press release shared with Coindesk. These vaults are designed to give access to advanced trading strategies – including arbitration, coverage and optimization of cross -financing rates – which are generally used by institutional actors.
The platform operates on a network of personalized validators which facilitates the execution of trade through centralized and decentralized exchanges. It also applies the requirements of the margin and the overollateralization on a system scale.
The startup was founded for ex-optoping and BMIs at traders Abhi Pingle, Arijit Pingle and TK Kwon. “Today’s cryptographic markets are fragmented and ineffective, preventing institutions and everyday users from accessing the whole promise of global finances and without authorization,” said Abhi Pingle.
The press release notes that commercial companies can use Theo infrastructure to improve capital efficiency by interacting with the funds deposited by the user, potentially increase yields while managing execution and risk.
