aPriori Raises $20M for Onchain High-Frequency Trading
Web3 startup aPriori has successfully raised $20 million to enhance its onchain trading platform, which aims to provide high-frequency trading (HFT) solutions onchain while addressing various challenges in decentralized finance (DeFi). This funding round, which increases the company's total capital to $30 million, saw participation from prominent investors including Pantera Capital and HashKey Capital. Founded in 2023 by former quantitative traders and engineers from reputable firms such as Coinbase and Citadel Securities, aPriori focuses on mitigating issues like wide spreads and toxic order flow in onchain markets. As institutional interest in DeFi grows, aPriori joins a trend of startups aiming to develop institutional-grade trading infrastructure onchain. Recent data indicates increasing yields from tokenized private credit markets, which further attract institutional investors seeking alternative yield sources.
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