Zeta announced $8.5M Funding Round, led by Jump Capital

Zeta is thrilled to announce its $8.5M Funding Round led by Jump Capital with participation from Race Capital, Electric Capital, DACM, Airtree Ventures, Amber Group, Wintermute, Sino Global Capital, Genesis Block Ventures, QCP Capital, Alameda Research, Solana Capital, MGNR, 3kVC, Orthogonal Trading, LedgerPrime, and SkyVision Capital.

– Anatoly Yakovenko, President of the Solana Foundation

Building a Nasdaq natively on the blockchain is something I always wanted to see happen on Solana. Zeta, winners of the Solana hackathon, are making this a reality for both options & futures and pushing the limits of what’s possible on-chain

This fundraising allows them to accelerate the development and business growth of the platform (we’re hiring!), initiate community grants to encourage composable project integrations, and be a means to onboard key strategic and market-making partners.

Our Vision For Zeta

Zeta started as a group of friends building a DeFi options project for the Solana Season hackathon — but has quickly grown into something much bigger. They want to push the boundaries of what a DeFi derivatives platform can do; truly bridging the gap from CeFi to DeFi and ultimately becoming a critical layer of DeFi infrastructure.

This begins with feature parity through auto-strike generation, undercollateralized trading, cross-margining, real-time liquidations, and instant settlement, to name just a few of the many that they will be launching with (for details, check out their Gitbook!).

Beyond just feature parity, they see Zeta as one of the building blocks of DeFi in bridging the gap to CeFi through composability — with benefits to the entire ecosystem. The platform will unlock previously unavailable opportunities for anyone to come in and build critical elements of CeFi infrastructure – in a permissionless and open manner for DeFi. At Zeta, they pride themselves on this, having integrated with both Serum (order book & matching engine) and Pyth (oracle) — and released their open-source SDK, with much more to come.

About Zeta

Zeta is the premier under-collateralized DeFi derivatives exchange, built on Solana providing liquid derivatives trading to individuals and institutions alike.

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