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High Tech Seed Founded 2019

Vega

Vega Protocol is an open-source decentralized derivatives protocol for creating and trading futures and perpetuals on a fully decentralized network. The protocol is non-custodial and pseudonymous, using public key cryptography with no backdoors or admin keys. Vega operates as a CometBFT-based proof-of-stake appchain purpose-built for trading, with a unique configurable fee model that eliminates per-transaction gas…

📍 Gibraltar, Gibraltar · Blockchain Infrastructure,

Funding snapshot

Last roundSeed
Amount$49M
Date3 September 2021
Total raised$10M
Team size4

About

Vega Protocol is an open-source decentralized derivatives protocol for creating and trading futures and perpetuals on a fully decentralized network. The protocol is non-custodial and pseudonymous, using public key cryptography with no backdoors or admin keys. Vega operates as a CometBFT-based proof-of-stake appchain purpose-built for trading, with a unique configurable fee model that eliminates per-transaction gas costs for orders. The platform features rich CEX-style order book and APIs through its decentralized datanode architecture, permissionless market creation through built-in governance, and has been audited by Solidified, FYEO, and Radically Open Security. Founded in 2019, headquartered in Gibraltar, Gibraltar, The company has raised $10.0M at the Seed stage, backed by investors including Arrington XRP Capital, Cumberland, Coinbase, ParaFi, Signum Capital..

Business model

Blockchain Infrastructure > Blockchain Network > Finance,

Cryptocurrencies > Financial Services > Diversified > Defi-as-a-Service

Founders & team highlights

Founder with Prior Funding,

Serial Founder

Institutional investors

Arrington XRP Capital Cumberland Coinbase ParaFi Signum Capital CMS Holdings Three Commas CMT Digital GSR DeFi Alliance SevenX Ventures Zee Prime Capital Edenblock Monday Capital gCC

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