TechFlow news, former Citadel Securities executives Leonard Lancia and Alex Casimo have raised $50 million for their new crypto market-making firm, Portofino Technologies. The company is backed by Valar Ventures, Global Founders Capital, and Coatue. Its valuation has not been disclosed. It has assembled a team of more than 35 high-frequency trading experts across five global locations.
In addition to acting as a market maker, the firm aims to support web3 projects by helping them launch tokens and secure liquidity.
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