Ostium Labs, the London-based company behind the first decentralised, non-custodial perpetuals exchange for Real World Assets — Ostium Protocol, has raised €3.3M seed round.
Co-led by General Catalyst and LocalGlobe, the round saw participation from SIG, DeFi Alliance, former Coinbase CTO Balaji Srinivasan, Vessel Capital, and others.
The team will use the fund to assist in the launching of the company’s flagship Protocol, an on-chain trading hub for RWAs. The trading hub will enable traders to gain price exposure to various asset classes previously unavailable on-chain.
The launch comes at a critical point in financial markets as alternative asset classes have gained rapid traction. Such traction is, in large part, an effect of the waning effectiveness of traditional diversification strategies after inflation- and interest rate-driven disruption to market dynamics.