FLUID aims to disrupt the virtual asset market-making industry by lowering fees and latency.

Fast facts

  • Blockchain investors GSR, Ghaf Capital, and 21Shares led the round.
  • FLUID aims to tackle a multi-trillion-dollar market problem of illiquidity in virtual assets.
  • The firm wants to enhance liquidity across spot trading, derivatives, futures, synthetics, tokenized assets, and security token offerings.
  • Funding will aid the team in providing real-time pricing, and liquidity for smaller venues such as exchanges, by lowering spreads and latency.
  • This will in turn benefit DeFi, CeFi, NFTs, and other tokenized assets across retail and institutional verticals, a press release read.
  • FLUID’S proprietary smart order book offers high throughput at ultra-low fees and minimal latency by using machine learning and quantitative-based methodologies used in the high-frequency trading world, a press release read.
  • Team led by seasoned ex-bankers and fintech experts from Bank of America, Goldman Sachs, BlackRock, and Jefferies.
  • FLUID aims to launch in May.