Arbitrum-based DEX Ostium secures $20M funding to scale its crypto and real-world asset trading
PositiveCryptocurrency
- Ostium, a decentralized exchange (DEX) built on the Arbitrum network, has successfully secured $20 million in funding aimed at scaling its trading capabilities for both cryptocurrencies and real-world assets. This funding is expected to enhance the integration of traditional commodities into decentralized finance, improving market accessibility for users.
- The funding boost is significant for Ostium as it positions the platform to expand its offerings and potentially attract a broader user base. By integrating traditional assets with decentralized finance, Ostium aims to bridge the gap between conventional finance and the growing crypto market.
- This development reflects a broader trend in the cryptocurrency sector, where companies are increasingly seeking to merge traditional financial systems with blockchain technology. Similar initiatives, such as Kraken's acquisition of Backed Finance and Paxos' purchase of Fordefi, highlight a growing focus on tokenization and the integration of digital assets into mainstream finance.
— via World Pulse Now AI Editorial System
