Variational raises $50 million in Series A funding, led by Dragonfly Capital
Odaily Odaily Planet Daily News Decentralized derivatives trading platform Variational announced the completion of a $50 million Series A funding round, led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures. Headquartered in the Cayman Islands, the company is focused on building an on-chain derivatives protocol for institutional and traditional financial traders. By aggregating liquidity from traditional finance and crypto markets, it aims to provide instantly tradable on-chain markets for real-world assets such as oil and commodities. Its core product, the Omni platform, operates with a zero-fee model and incorporates a liquidity pool mechanism to enhance market depth and execution efficiency.
Variational stated that its goal is not to compete directly with centralized exchanges, but rather to connect multi-source liquidity—including traditional financial market makers and major crypto trading platforms—through a "brokerage-style" model, thereby addressing the "liquidity cold start" problem in on-chain markets. (Fortune)
