Finance Overview

VETA Finance has launched the first-ever DeFi platform supporting margin trading of structured products and will expand its presence in the digital assets sector after this funding round.

Singapore, January 23rd, 2024 — VETA Finance, the world’s first on-chain platform that supports margin trading of structured products, announced the closing of its US$2.85 million strategic funding round. The round is led by Matrixport Ventures, the venture capital arm of Matrixport, with the participation of imToken Ventures, WT Capital, Future Money Group, and 280 Capital.

VETA Finance specializes in structured products for digital assets, including the entire service chain of decentralized financial platforms, structured product quotations and operations for Exchanges & other channels. The funding will be used to further optimize the supply of the platform’s structured products, strengthen its IT system, and achieve a new round of business growth.

Daniel, Founder of VETA Finance, said, “Digital assets are among the most volatile yet fast-growing asset classes in the world. To enable investors to navigate the opportunities within the crypto industry, VETA Finance transforms the ‘volatility bonus’ of these assets into financial products that are convenient and accessible. With the support of our investors, we plan to enhance our offerings, maximizing safety and returns.”

VETA Finance, backed by its trading desk, developed a Margin System for exotic options, allowing investors to buy structured products by pledging mainstream assets like BTC and ETH, so that investors can earn from both the collateral and the structured products while holding onto their assets. Together with its OTC Request for Quotation System, Automated Dynamic Hedging System, and Pool Valuation Monitoring System, VETA Finance creates a secure and efficient on-chain structured product platform. The core team members are from established financial institutions such as HSBC and CIBC, with mature experiences in derivative trading desk, asset management and exchanges.

VETA Finance offers a variety of products with different returns and risk structures, such as Snowball, Snowball with Floor, Enhanced Snowballs, FCNs, Shark Fins, Dual Currency etc., to meet the needs of diverse customers. The core structured product “Snowball” has exceeded sales of $20 million.

About VETA Finance

VETA Finance is the world’s first on-chain platform that supports margin trading of structured products, including the entire service chain of decentralized financial platforms, structured product quotations and operations for Exchanges & other channels.