CoinVoice recently learned that according to Fortune, Arbelos has completed a $28 million financing round led by Dragonfly, with participation from FalcolnX, Circle, Paxos, Polygon and Deribit. Arbelos Markets will focus primarily on derivatives and over-the-counter transactions for institutional participants, providing trading liquidity for companies such as hedge funds and venture capital firms, as a counterparty for popular products such as options and futures. This round of financing will end in mid-2023.
It is reported that both co-founders Lim and Tang started their careers in traditional finance before turning to cryptocurrency. Lim served as vice president of Circle's trading business and was responsible for the trading strategy of Galaxy Digital, a commercial bank founded by Mike Novogratz, before becoming the head of derivatives at Genesis Global Trading, a subsidiary of Barry Silbert's Crypto Empire Digital Currency Group. Since 2017, Tang has served as the chief investment officer and managing partner of LedgerPrime, a cryptocurrency hedge fund acquired by FTX. [Original link]
