On-chain platform VETA Finance, specializing in margin trading of structured products, has successfully closed a $2.85 million strategic funding round. Matrixport Ventures, the venture capital arm of Matrixport, led the round, joined by imToken Ventures, WT Capital, Future Money Group, and 280 Capital.
VETA Finance focuses on providing structured products for digital assets, covering services for decentralized financial platforms, structured product quotations, and operations for exchanges and other channels. The funds raised will be used to optimize the platform’s structured product supply, enhance its IT infrastructure, and support further business growth.
Daniel, Founder of VETA Finance, acknowledged the unique challenges of digital assets’ volatility and expressed the company’s commitment to transforming these challenges into accessible financial products. With investor support, VETA Finance plans to enhance its offerings, prioritizing safety and returns.
Supported by its trading desk, VETA Finance developed a Margin System for exotic options, allowing investors to purchase structured products by pledging mainstream assets like BTC and ETH. This approach enables investors to earn from both collateral and structured products while retaining ownership of their assets. The platform also features an OTC Request for Quotation System, Automated Dynamic Hedging System, and Pool Valuation Monitoring System, creating a secure and efficient on-chain structured product platform.
The core team at VETA Finance includes individuals with extensive experience in financial institutions like HSBC and CIBC, bringing mature expertise in derivative trading desks, asset management, and exchanges.
VETA Finance offers a range of products with varying returns and risk structures to meet the diverse needs of its customers. The core structured product, “Snowball,” has achieved notable success, surpassing sales of $20 million.
VETA Finance is the world’s first on-chain platform that supports margin trading of structured products, including the entire service chain of decentralized financial platforms, structured product quotations and operations for Exchanges & other channels.
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