On-chain DEX Project QFEX Completes $9.5 Million Seed Round Funding, Led by General Catalyst

According to official news, the on-chain contract trading platform QFEX has completed a $9.5 million seed round of financing. This round was led by General Catalyst, with participation from numerous well-known institutions and angel investors including Y Combinator, Paul Graham, Nexus Venture Partners, Moonfire VC, Goodwater Capital, Liquid 2 Ventures, 468 Capital, and Ritual VC.

Officials stated that QFEX is positioned as the first "TradFi-native" perpetual contract trading platform, offering 24/7 high-leverage trading (up to 50x) on traditional assets (RWA) such as US stocks, indices, commodities, and forex. The platform's goal is to enable ordinary investors to compete on equal footing with institutions and high-frequency trading firms. The team members hail from top trading institutions like Citadel, Jump Trading, Optiver, Jane Street, Tower Research Capital, and Flow Traders, bringing deep expertise in traditional finance and high-frequency trading.