February 11, 2025
Whetstone Research has secured $1.3 million in a pre-seed funding round, with backing from Variant Fund and Nascent as lead investors. Additional participation came from Credibly Neutral, Uniswap Labs Ventures, Ambush Capital, and Figment. The investment will support the company’s development of on-chain market protocols aimed at strengthening decentralized financial infrastructure.
The company is focused on designing and deploying market mechanisms that enhance liquidity and trading efficiency within blockchain networks. By leveraging decentralized technologies, Whetstone Research aims to improve accessibility and transparency in financial markets. The involvement of multiple investors with experience in blockchain and DeFi highlights continued interest in advancing on-chain financial systems.
About Whetstone Research
Whetstone Research specializes in the development of on-chain market protocols, working to enhance decentralized trading and financial applications. The company’s solutions are designed to improve liquidity, efficiency, and accessibility across blockchain-based markets.
Website:Â https://whetstone.cc/
X:Â @whetstonedotcc
About Investors
Variant FundÂ
Variant Fund is a venture capital firm that invests in early-stage blockchain and DeFi projects, supporting teams developing core financial infrastructure and applications.
Location: New York, NY
Website: https://variant.fund/
Nascent
Nascent is an investment firm focused on digital assets, DeFi, and blockchain infrastructure, providing capital and strategic support to emerging projects in the crypto ecosystem.
Location:Â San Francisco, CA
Website:Â https://www.nascent.xyz/
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