September 17, 2024
SC Ventures, a division of Standard Chartered, has invested in One Trading, a European crypto asset exchange. In late July, One Trading received an Organised Trading Facility (OTF) license from the Dutch Financial Markets Authority (AFM), making it the only regulated retail crypto derivatives exchange in Europe under MiFID II.
Project | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|
One Trading | September 17, 2024 | SC Ventures | DeFi |
The funding round also saw participation from existing investor MiddleGame Ventures and new investors Valar and SpeedInvest. The funds will be used to launch a crypto perpetual futures exchange.
While MiCA regulations cover spot crypto assets, MiFID II governs derivatives, which One Trading plans to offer in the form of cash-settled perpetual futures for Bitcoin and Ether. These products are seen as modern alternatives to traditional derivatives like those from CME or Eurex, being simpler, more precise, and more capital efficient.
Alex Manson, CEO of SC Ventures, emphasized the importance of consumer protection alongside financial innovation, congratulating One Trading on becoming the first MiFID II trading venue for crypto perpetual futures in the EU.
Standard Chartered and SC Ventures are active investors in the digital assets space, with ventures like Zodia Custody, Zodia Markets, and the tokenization platform Libeara. Recently, Zodia Custody has gained new clients and an additional investor, National Australia Bank, joining founders StanChart and Northern Trust, along with SBI Holdings.
About One Trading
One Trading is a regulated crypto asset exchange in Europe, known for being the first MiFID II trading venue for perpetual futures in the EU. It offers a fast and secure trading experience with zero fees for all users. The platform supports trading of hundreds of tokens and provides deep liquidity, making it accessible for both newcomers and experienced traders. One Trading also ensures high security for crypto assets using advanced technology.
Website: https://onetrading.com/
About Investor
Investor: SC Ventures
SC Ventures is a business unit of Standard Chartered that focuses on promoting innovation and investing in disruptive financial technology. It aims to create new business models and support the development of fintech solutions. By fostering a unique ecosystem of innovators, banking experts, and business builders, SC Ventures helps drive the future of banking and financial services.
Location: US
Website: https://scventures.io/
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