Whats Ostium?
@OstiumLabs is a company that specializes in a decentralized, non-custodial perpetuals exchange for real world assets (RWAs). It enables users to trade off their assets directly on-chain. The company has developed a quick trading mechanism for real-world goods on the chain, aiming to disrupt the market with a platform engineered from the ground up to support RWAs. It offers exposure for traders and delivers a superior user experience for trading RWAs in a smooth and permissionless trading format similar to existing DeFi power users.
The company has raised $3.5M in a seed round led by General Catalyst and LocalGlobe, with participation from Susquehanna International Group (SIG), DeFi Alliance, Balaji Srinivasan, and others. This funding will assist in the launching of the company’s flagship Protocol, an on-chain trading hub for RWAs.
Ostium Labs is based in Chicago, Illinois, and was founded in 2022. The team behind Ostium Labs, including Kaledora Kiernan-Linn and Marco Antonio, is developing the Ostium Protocol, which is the first decentralized perpetuals exchange for Real World Assets.