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OrBit raises $4.6m from Matrixport, Brevan Howard Digital to develop exotic options and structured products in digital assets

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OrBit Markets, an institutional liquidity provider in crypto options and structured products, has raised $4.6 million in an angel funding round led by Matrixport, a digital assets financial services ecosystem, with participation from Brevan Howard Digital, New Form Capital, Maven 11 and Westridge Markets in this oversubscribed round.

As the digital assets market evolves, more investors and DeFi users are exploring advanced options strategies for investment and yield enhancement, but few market makers are able to provide liquidity in these complex products. Even in traditional finance, such capabilities are concentrated in the hands of a few global investment banks. OrBit aims to bridge this gap by bringing decades of derivatives expertise to the crypto market.

Founded this year by a team of former leaders of Deutsche Bank’s top-rated currency division, OrBit has built quantitative models and risk engines which allow it to provide liquidity across the entire spectrum of option products from basic vanilla options to the most exotic structures. In partnership with leading CeFi platforms and DeFi protocols, OrBit has launched a number of innovative products addressing growing demand for safer investing and hedging solutions following the recent market turmoil.

The funding will be used to accelerate the development of the company’s proprietary technologies, while enabling it to expand its business footprint.

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