Key Takeaways
- Fractal has secured $6 million in financing from a suite of strategic investors, including Hack VC, 6th Man Ventures, Archetype Ventures, Circle Ventures, CoinShares, GoldenTree Asset Management, and more.
- The funding will be used to continue launching institutional-grade products that facilitate capital efficiency, transparency, and a simplified user journey.
- Fractal aims to build the connective tissue and capital-efficient solutions between assets on- and off-chain, with a focus on reducing counterparty risk and enabling real-time monitoring.
- Fractal recently launched in beta with an initial cohort of clients using applications on the Avalanche blockchain, with a view to tightly integrate with Ava Labs’ institutional subnet efforts.
Fractal, a digital asset infrastructure provider, has raised $6 million in a seed funding round led by Hack VC.
Due to the continuous advancements in the CeFi space, institutional investors are showing more interest in finding appropriate solutions to facilitate on-chain finance.
Hack VC’s Managing Partner, Alex Pack, mentioned that they provided Fractal with a term sheet the week after the FTX collapse.
According to Pack, Fractal is well-positioned to develop capital-efficient solutions and connective tissue between assets on- and off-chain. Fractal provides investors with tools to enable easy participation in the on-chain economy.
The funding round saw participation from strategic investors such as 6th Man Ventures, Archetype Ventures, Avalanche Ecosystem Fund Blizzard, Circle Ventures, CMT Digital, CoinShares, GoldenTree Asset Management, QCP Capital, Spartan Group, and angel investors Akshai Rajendran, Anand Gomes, Josh Frank, Shiliang Tang, and Sid Powell.
The funds will be used to launch institutional-grade products that facilitate capital efficiency, transparency, and a simplified user journey.
Fractal enables institutions to clear, settle, and margin digital asset trades on-chain. Its solutions are well-positioned to build the connective tissue and capital-efficient solutions between assets on- and off-chain. The platform provides tools that help investors participate in the on-chain economy with ease.
Fractal recently launched in beta with an initial cohort of clients using applications on the Avalanche blockchain, with a view to tightly integrate with Ava Labs’ institutional subnet efforts. The company’s technology will provide transparent proof of reserves, tri-party collateral management, and instant on-chain settlements to enable the next phase of on-chain finance.
Aya Kantorovich and Alexandre Elkrief, Fractal Co-Founders and Co-CEOs, said that “The next generation of digital asset infrastructure needs to enable transparent proof of reserves, tri-party collateral management, and instant on-chain settlements. Our technology will provide just that as we transition to this next phase for the future of on-chain finance.”
Fractal was founded by Aya Kantorovich and Alexandre Elkrief, who bring years of experience in the institutional cryptocurrency space and DeFi. The company’s engineering team includes early DeFi builders who have collectively processed over one billion in transaction volumes and audited by leading audit firms in the space.
The company has the support of Itay Tuchman, CEO of Consello Digital and former Global Head of Foreign Exchange at Citi, as a strategic advisor.
Fractal’s solutions are seen as necessary given the ongoing developments in the CeFi space, which has intensified institutional interest in finding fit-for-purpose solutions to facilitate on-chain finance. The platform’s solutions are expected to provide more secure, trustworthy infrastructure to power the digital asset economy.
