'Raising $10 Million to Change the Game of Liquidity in Blockchain' web3 oct_network
$10 million in funding headed by GSR and Ghaf Capital. A liquidity aggregator is a piece of software that enables participants to get streamed pricing from multiple liquidity providers/pools simultaneously. The money will help the group realize their goal of linked liquidity, which will give customers exposure to the finest true pricing and liquidity for smaller venues like exchanges by reducing margins and latency.
FLUID aims to fundamentally alter how liquidity is managed in the blockchain and cryptocurrency sectors. Employing machine learning and quantitative-based approaches for use in high-frequency trading, its own smart order book enables large bandwidth at very low fees and minimal latency. Ex-bankers and fintech professionals from Bank of America, Goldman Sachs, BlackRock, and Jefferies lead the team. FLUID is improving liquidity throughout spot trading, derivatives, futures, synthetics, tokenized assets, and security token offerings to address inadequacies induced by fragmented liquidity — multi-trillion-dollar market issues in the virtual assets arena.
The platform's foundation is FLUID's AI quant-based engine, which Jason Jiang is devising, FLUID's CTO, who has decades of expertise garnered while working at Goldman Sachs and BlackRock, with an emphasis on making quant-based high-frequency frameworks for trading on liquidity aggregators in financial services and, more recently, digital markets.
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