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FLUID To Disrupt Liquidity in the Space, Raises $10M in Funding

Published Apr 13, 2022 10:00AM ET
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FLUID To Disrupt Liquidity in the Space, Raises $10M in Funding
 
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  • FLUID raised $10M in funding.
  • The funding was led by GSR, 21Shares, and Ghaf Capital.
  • FLUID is scheduled to launch in May 2022.

FLUID, an ultra-low latency CeDeFi liquidity aggregator, has successfully gathered $10 million in a funding round led by GSR, 21Shares, and Ghaf Capital. The amount will help the team achieve its goal of connected liquidity. In addition, this will also give users the best real-time pricing, and liquidity for smaller venues by reducing spreads and latency.

Slated to launch in May this year, FLUID intends to revamp the way liquidity works in the space. Furthermore, it uses AI quant-based models to tackle inefficiencies that are caused by fragmented liquidity.

Fragmented liquidity is a multi-trillion dollar market problem currently faced by platforms in the virtual assets space. If solved properly, it will enhance liquidity across derivatives, spot trading, tokenized assets, futures, security token offerings, and synthetics.

Moreover, the FLUID team is led by fintech experts and experienced ex-bankers from Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), Jefferies, and BlackRock (NYSE:BLK). Meanwhile, the platform’s CEO and President, Ahmed Ismail, shared that he was delighted to receive the backing of the industry’s top institutional investors and partners, and the help of a world-class dedicated team to create their AI quant-based crypto liquidity aggregation system.

He further said:

The current technology used to aggregate virtual liquidity is many years behind that used by mainstream hedge funds and trading desks at traditional financial institutions, leading to high fees and high latency in the crypto industry. FLUID will transform the virtual assets industry by solving a number of combined challenges that arise from fragmented liquidity which remain unresolved today. In effect, we provide retail and institutional investors access to a secure, robust framework for participation in the virtual assets market.

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FLUID To Disrupt Liquidity in the Space, Raises $10M in Funding
 

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