Arbelos Markets Raises $28 Million in Investment Round led by Dragonfly Capital
Arbelos Markets, a crypto principal trading firm, has made waves in the digital asset industry with its recent successful fundraising round. The company, founded by digital asset derivatives veterans Joshua Lim and Shiliang Tang, raised an impressive $28 million in an investment round that was described as “significantly oversubscribed.”
Leading the fundraising efforts was crypto venture capital firm Dragonfly Capital, with a diverse group of investors also participating in the round. These investors included investment firms Room40 Ventures, Selini Capital, and Breed VC, as well as corporate partners FalconX, Circle Ventures, Paxos, and many others.
The timing of this investment is particularly noteworthy, as it comes on the heels of the crypto credit meltdown of 2022 that saw the downfall of several prominent companies in the industry. As the digital asset industry continues to recover and attract more traditional players, Arbelos aims to fill the gap left by the recent turmoil by serving the liquidity and hedging needs of sophisticated investors using crypto derivatives and options.
Joshua Lim, one of the co-founders of Arbelos, highlighted the importance of transparency in the industry, citing it as a key factor in preventing future crises. To address this issue, the company has implemented a “transparency engine” that allows clients to independently verify Arbelos’ risk profile, balance sheet, and counterparty exposure in real time.
Since its inception in late 2023, Arbelos has quickly established itself as a major player in the derivatives and options marketplaces, with trading volume surpassing $25 billion in notional value within the first six months. With the funds raised from this investment round, the company plans to expand its team, access new markets, and offer more structured products to its clients.
Overall, Arbelos Markets’ successful fundraising round and innovative approach to transparency in the digital asset industry position the company as a key player to watch in the evolving landscape of crypto trading.
