TechFlow reports that cryptocurrency financial platform Fractal has raised $6 million in funding from investors including QCP, 6th Man Ventures, Prototype, Blizzard, CMT Digital, Golden Tree Asset Management, CoinShares, and Spartan Group.
Fractal aims to build a new platform to enable more transparent clearing and settlement of digital assets, eliminating trading opacity caused by leverage. With Fractal, clients will be able to monitor their counterparties' positions in real time, reducing risk. In theory, this means the same collateral cannot be used with multiple counterparties, preventing users from suffering losses due to opacity, as previously seen in cases like FTX and 3AC.
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