Wednesday, April 24, 2024
HomeFunding Kemet Financial Technologies secures a $5 Million in Funding

[Funding Alert] Kemet Financial Technologies secures a $5 Million in Funding

Kemet Financial Technologies raises $5 million in funding headed by Further Ventures, with assistance from the Abu Dhabi SWF and a venture capital group supported by Mastercard.

Investment shows the industry’s faith in it’s cutting-edge digital asset trading infrastructure, drawing in important strategic backers such as Hyperithm, QCP, FalconX, and Deribit.

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With funding, it can continue to build state-of-the-art tools for order execution and portfolio management, enhancing its standing as the leading option for institutional traders it has transacted over $1 billion in trading volume.

The $5 million funding round for Kemet Financial Technologies, a provider of institutional-grade infrastructure for digital asset derivative trading, has closed.

Leading the charge is Further Ventures, an institutional-focused venture capital firm supported by Mastercard and the Abu Dhabi SWF. This investment is a major affirmation of faith in Kemet’s innovative approach to digital asset trading and its potential to completely transform the industry.

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With ongoing backing from Csquared Ventures, the financing round included participation from important strategic investors in the infrastructure and digital asset trading industries, including as QCP, FalconX, Deribit, and Hyperithm. Prominent current investors including BECO Capital and Flow Traders also become members of the alliance.

Ash Ashmawy, Kemet’s CEO, said, “This financing marks a pivotal moment for Kemet, enabling us to accelerate our mission of delivering the most efficient and comprehensive trading and risk management solutions to our clients. With Further Ventures’ support and our new partners, we are poised to redefine possibilities in the digital asset space.”

About Kemet

Kemet Trading optimizes access to liquidity, data, trade execution, and post-trade operations by offering institutional-grade infrastructure for digital asset derivatives trading.

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