PANews, March 5: QFEX announced the completion of a $9.5 million seed round led by Yuri Sagalov, partner at General Catalyst, with participation from Paul Graham, Y Combinator, and multiple institutional and angel investors, including NexusVP, Moonfire VC, Goodwater Capital, Liquid2V, 468 Capital, and RitualVC. QFEX describes itself as the first high-leverage exchange led by a traditional finance team, enabling 24/7 trading of real-world assets (RWA), offering investors up to 50x leverage on U.S. equities, commodities, and forex. The team comprises professionals from Citadel, Jump Trading, Optiver, Jane Street, Tower Research Capital, and Flow Traders.
QFEX Completes a $9.5M Seed Round and Launches a 24/7 High-Leverage RWA Trading Platform
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Summary
QFEX has raised $9.5 million in a seed round led by Yuri Sagalov of General Catalyst, with support from Paul Graham, Y Combinator, and other leading investors. The exchange now offers 24/7 news-driven trading of real-world assets (RWA) with up to 50x leverage on U.S. equities, commodities, and forex. The team includes former employees from Citadel, Jump Trading, and Jane Street. On-chain news and RWA integration are central to its strategy.
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