Decentralised finance (DeFi) trading platform Hashflow, founded in 2021, has raised $25 million in new funding bringing its valuation to $400 million.
The round included returning investors Electric Capital, Dragonfly Capital Partners, LedgerPrime, and Balaji Srinivasan, along with crypto-native new investors and market participants including Jump Crypto, Wintermute Trading, GSR, Kronos Research, and Altonomy. Other investors include Coinbase Ventures, Kraken Ventures, Fabric Ventures, Evernew Capital, Spacewhale Capital, and angel investors Meltem Demirors, Anthony Sassano, and Jason Choi.
This raise comes just over one year after Hashflow’s seed round of $3.2 million was announced in April 2021.
The capital infusion will enable Hashflow to continue to offer the best DeFi trading experience yet, centred around professional market makers using a request-for-quote (RFQ) model which optimises for seamless interoperability, guaranteed price execution, and MEV protection. This model also enables the trading of structured products and other asset classes previously considered impossible to trade on DeFi rails. Hashflow plans to offer structured products on its platform in allowed jurisdictions later this year.
