Tread.fi, an algorithmic crypto trading platform founded by former Morgan Stanley employees, has completed a $3.5 million seed round of financing, led by New Form Capital, with participation from Aquanow, Varys Capital, GBV Capital, Thanefield Capital, etc. David Jeong, founder and CEO of Tread.fi and former vice president of quantitative research at Morgan Stanley, declined to comment on the valuation, but said that this round of financing adopted a rolling future equity simple agreement (SAFE) structure with a symbolic side letter, laying the foundation for the next round of financing in the first quarter of 2025.
