According to Fortune, the decentralized derivatives trading protocol Variational announced the completion of a $50 million Series A round led by Dragonfly Capital, with participation from Bain Capital Crypto, Coinbase Ventures, and others. Previously, its seed round of $10.3 million was led by Bain Capital Crypto. Headquartered in the Cayman Islands, Variational aggregates liquidity from major crypto exchanges and traditional financial market makers to offer on-chain derivatives trading, including "real-world assets" (RWA) such as oil and commodities.
Variational Completes $50M Series A Funding for On-Chain Derivatives Trading
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Summary
Variational, a decentralized derivatives trading protocol, has closed a $50 million Series A funding round led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures. The Cayman Islands-based project previously raised $10.3 million in a seed round led by Bain Capital Crypto. Variational aggregates liquidity from major crypto and traditional market makers to offer on-chain derivatives for real-world assets such as oil and commodities. This funding announcement underscores the growing interest in on-chain infrastructure for RWA trading.
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