OrBit Markets, an institutional liquidity provider specializing in crypto options and structured products, has successfully completed an angel investment round. The company raised raised $4.6 million in a round an oversubscription. Matrixport, a major digital assets financial services ecosystem, led this round. Brevan Howard Digital, New Form Capital, Maven 11, and Westridge Markets were among the other participants. The money will be used for use in the company’s proprietary technology development as well as its global expansion.
The employment of complex options techniques by investors and DeFi users is on the rise. However, only a few market makers can supply liquidity in these highly specialized goods. Even in traditional banking, a small number of global investment banks control the majority of these capabilities. One way OrBit plans to address this gap is by bringing decades of derivatives experience to the crypto marketplace.
OrBit Markets is a digital asset liquidity provider that offers institutional clients access to a wide range of exotic options and structured products. In response to the recent market upheaval, OrBit has partnered with major CeFi platforms and the DeFi protocols to launch a range of unique products.
Quantitative models and risk engines developed by OrBit Markets are very appealing to investors. These enable it to provide liquidity across the whole spectrum of option products, from the simplest vanilla options to the most complex structural options.
Managing USD4 billion in digital assets, Matrixport, the round’s lead financier, is a pioneer in bringing new structured products. Consequently, it has established itself as a crypto asset management solutions. It offers comprehensive crypto financial services to satisfy the growing need for the generation of wealth in digital assets over the long term. OrBit will be able to expand its customer base and product offerings as a result of the funding.
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