TechFlow news: Rho Labs, founded by former Copper Chief Product Officer Alex Ryvkin, has announced a $2.2 million Pre-Seed funding round led by Speedinvest, with participation from Keyrock, Re7 Capital, Daedalus Collective, and Dmitry Tokarev, CEO of Copper.
Rho Labs is building a non-custodial, institutional-grade interest rate derivatives market. It enables secure and transparent on-chain trading of both crypto-specific interest rates—such as staking and funding fees—and traditional interest rates like SOFR. In addition to crypto-specific rates, Rho Labs will also allow trading based on traditional rates such as the Secured Overnight Financing Rate (SOFR), the successor to Libor.
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