LO:TECH raises $12 million to expand crypto trading into U.S. and Asia
Source: CoinDesk ·
From the source
LO:TECH is betting on round-the-clock tokenized stock trading but didn’t say if it trades them now; a WFE study found stock exchanges still set prices. London-based crypto market maker LO:TECH said it raised $12 million in a Series A round led by MMC to expand into the U.S. and Asia-Pacific and grow its institutional trading business. Existing investors Faction and 13 Books Capital also participated, alongside Atka, according to the company’s announcement. The firm plans to establish a presence in New York and Singapore. LO:TECH also announced execution services spanning traditional, digital and prediction markets, which the announcement described as launching Nov. 2. The company told CoinDesk the launch is narrower than that “What goes live on Nov. 2 falls within our existing activities, which are proprietary trading and providing liquidity in digital asset markets,” the company told CoinDesk. It said it is preparing a regulatory application separately, without mentioning the…
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