OrBit Markets raised $4.6 million in an angel funding round led by digital assets financial services ecosystem Matrixport.
Brevan Howard Digital, New Form Capital, Maven 11 and Westridge Markets also participated in the oversubscribed round.
The funding will be used to speed up the development of OrBit Markets' proprietary technologies, while allowing it to expand its business footprint.
Backed by Matrixport and Brevan Howard Digital, OrBit Markets is a Singapore-based institutional liquidity provider in crypto options and structured products. Brevan Howard Digital is the dedicated crypto and digital asset division of Brevan Howard, giving institutional investors access to opportunities presented by the structural disruption and innovation of blockchain technology.
"As a strategic partner, OrBit's deep domain expertise in quantitative finance will enable us to continue to drive innovation and accelerate adoption of digital assets," said John Ge, co-founder and CEO of Matrixport.
"Brevan Howard Digital is excited to partner with OrBit and their highly experienced team as they bring exotic structured products to the nascent crypto derivatives market," said Colleen Sullivan, co-head of venture investments at Brevan Howard Digital.
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