Odaily News Rho Labs, founded by former Copper chief product officer Alex Ryvkin, announced the completion of a $2.2 million Pre-Seed round of financing, led by Speedinvest, with participation from Keyrock, Re7 Capital, Daedalus Collective and Copper CEO Dmitry Tokarev. Rho Labs is building a non-custodial, institutional-grade interest rate derivatives market. It supports secure, transparent on-chain transactions with both crypto-specific rates, such as staking and funding fees, and traditional rates, such as SOFR. In addition to specific crypto rates, Rho Labs will also allow trading at traditional rates such as the Secure Overnight Financing Rate (an alternative to Libor). (Tech Funding News)