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Singapore, Singapore–(Newsfile Corp. – October 4, 2023) – Convergence RFQ, a fully-on chain infrastructure product for trading systems, has concluded a $2.5 million in seed funding round. The seed round included notable investors such as Big Brain VC, Ascensive Assets, Auros Global, C² Ventures, Cogitent Ventures, Israel Blockchain Association, and Peer Fund.
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Convergence Seed Investors
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The funds raised will be used to scale beyond Solana and Arbitrum, enhance platform features, and accelerate the integration with new DeFi derivative protocols. This enables Convergence RFQ to continue its mission of delivering a user-centric DeFi trading platform that offers unrivalled value to traders and liquidity providers.
Convergence RFQ – Deep liquidity provisioning and state-of-the-art risk engine
The request for quote (RFQ) model is designed to offer market makers and institutions block trading experience while eliminating the pitfalls of front-running and other market inefficiencies. The RFQ system allows traders to easily access and transact with a wide range of counterparties, increasing their flexibility and optimising their trading strategies.
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“Convergence RFQ’s remarkable tech and rapid developments on a lean budget is a testament to the team’s foresight and dedication. The seed round success positions Convergence RFQ to transform the way we trade in the DeFi space.”
– Ciara Sun, C² Ventures
“Our journey has just begun, and this pre-seed round funding marks a pivotal milestone. We are committed to reshaping the future of how Market makers and Institutions involve in DeFi trading, and with the support of our esteemed investors, we are well-positioned to make a lasting impact.”
– Uwe Cerron, Core Contributor Convergence RFQ.
Current Integrations
At the moment, Convergence RFQ has successfully integrated with:
1. Psyoptions: To boost liquidity for the options market of the platform.
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2. SEI Network: To help market makers access new protocols and provide on-demand liquidity for applications faster and more efficiently than previously possible. Read more.
3. HXRO Network: To boost on-chain liquidity on the network and provide the users with a secure settlement layer.
With continual partnerships and integrations, Convergence RFQ is poised to unlock new possibilities for the DeFi ecosystem, making it accessible and efficient in fostering innovation of liquidity provisioning to protocols.
Crypto institutional traders and liquidity providers can look forward to a smoother DeFi trading experience as the Convergence RFQ team aims to maximize liquidity for their users.
Follow Convergence RFQ’s media channels to keep updated with the latest updates:
Website: https://www.convergence.so/
Twitter: https://twitter.com/ConvergenceRfq
Telegram: https://t.me/convergencerfq
Media contact:
Company name: Convergence RFQ
Contact name: Uwe Cerron
Email: Uwe@tradersguild.so
Website: https://www.convergence.so/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/177907
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