July 23, 2024
Multipool, a frontrunner in the blockchain and cryptocurrency sector, has today revealed a strategic investment from Kronos Research. This investment underscores Kronos's belief that on-chain order books are the future of the industry. It also signifies a crucial milestone in the strategic collaboration between the two companies and their dedication to decentralized finance.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
Multipool | July 23, 2024 | Strategic Investment | Kronos Research | Trading |
Steve Murray, a Core Contributor at Multipool, expressed his excitement about collaborating with Kronos Research. He highlighted Multipool's expertise in the DeFi sector and the potential of their fully trustless decentralized on-chain orderbook. Murray anticipates a dynamic future, working alongside some of the industry's most talented individuals at Kronos Research.
About Multipool
Multipool Finance is a cutting-edge decentralized exchange (DEX) that is transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. It is designed with a focus on fairness and equality.
The platform features a fully decentralized on-chain order book, which is a significant innovation in the DeFi sector. This allows for trustless trading, where the feature set of centralized exchanges (CEXs) meets the trustless nature of DEXs, fully on-chain. Multipool also offers deep liquidity through dynamic bracket pools. This feature enhances the trading experience by providing ample liquidity for various trading pairs.
Website: https://www.multipool.finance/
About Investor
Investor: Kronos Research
Kronos Research is a leading innovator in the blockchain and cryptocurrency industry, known for its advanced trading infrastructure and deep quantitative research capabilities. The company is committed to leading the evolution in financial technology for fair and efficient digital markets globally.
The company was founded by Mark Pimentel and Jack Tan, both alumni of Carnegie Mellon University, and is currently managed by CEO Hank Huang and COO Vincent Liu. Huang, an MIT graduate, began his career at Allston Trading and later worked on several quantitative trading startups before joining Kronos as CTO in 2019. Liu, who holds a BS and MS in Electrical Computer Engineering from Carnegie Mellon University, led Asset Management and oversaw risk and trading at Kronos before becoming COO.
Location: Taipei, China
Website: https://kronosresearch.com/
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