Ostium Labs Raises $20M to Bridge Traditional Markets with Onchain Perpetuals
Ostium Labs has secured $20 million in Series A funding led by General Catalyst and Jump Crypto, bringing total investment to $27.8 million. The Arbitrum-based platform enables decentralized trading of perpetual swaps tied to equities, commodities, and forex—processing $25 billion in volume since launch.
The protocol distinguishes itself with 95% open interest in traditional assets rather than crypto. Founders Kiernan-Linn and Ribeiro, Harvard alumni, aim to disrupt the centralized CFD broker model through blockchain infrastructure that maintains trader custody.
Fresh capital will expand asset coverage and scale infrastructure as the platform grows its $5 billion metals trading book. Ostium's quote-based pricing model challenges incumbent institutions by combining Wall Street exposure with DeFi transparency.
