TechFlow reported, according to Decrypt, that STIX, a secondary market OTC trading platform for digital assets, has announced the completion of a $2.7 million funding round led by Psalion VC, with participation from Big Brain Holdings, Eterna Capital, Fisher8 Capital, Humla Ventures, 0xkb, and TLF Ventures. Founded by Taranveer Sabharwal in Q2 2023, STIX is currently building an OTC trading platform aimed at addressing widespread issues in the crypto market such as insufficient liquidity, high counterparty risk, and inefficient pricing, while also planning to launch a full suite of proprietary risk management and portfolio analytics tools.
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