Variational Raises $50 Million Series A Led by Dragonfly to Launch 100+ On-Chain Markets
Variational has raised a $50 million Series A led by Dragonfly as the crypto derivatives platform expands further into real-world assets. The company said it has launched the first phase of its rollout and plans to bring more than 100 traditional-finance markets on-chain this summer.
The platform is using a request-for-quote model rather than a traditional order book as it seeks to mirror liquidity from established markets on-chain. The expansion includes markets tied to gold, silver, copper and oil.
From the sources (5 posts)
@aggrnewsVARIATIONAL RAISES $50 MILLION SERIES A TO BRING LIQUIDITY FROM TRADITIONAL MARKETS TO BLOCKCHAIN RAILS: FORTUNE
@hosseebCLOBs are not going to take us to the RWA promised land. Today Hyperliquid owns the liquidity for a handful of RWA macro names. But outside the top 10 traded assets (which are ~90% of volume) liquidity falls off a cliff. When there's enoug
@arbitrumSince launching in early 2025 on the Arbitrum Platform, @variational_io has grown into one of the largest perps platforms in crypto with over $220B in cumulative trading volume. It’s been exciting supporting the team along their journey to
@defiignasGut feeling Variational will do well. Especially since $HYPE and now $LIT are both pumping. Two parts I care about: 1) Variational runs RFQ instead of an order book. So one MM quotes you from all of CEXs, DEXs and TradFi liquidity at onc
@hosseebRT @variational_io: We’ve raised $50M led by @dragonfly_xyz to go all in on RWAs and bring TradFi liquidity on-chain. Today, we're launchi…