TechFlow news, according to The Block, Cube.Exchange, a hybrid cryptocurrency exchange platform integrating traditional finance with blockchain technology, has completed a $12 million Series A funding round led by 6th Man Ventures, with participation from GSR Markets, ParaFi Digital, Susquehanna Private Equity Investments, Everstake Capital, and others.
Insiders said the financing structure involves equity with token warrants, resulting in a post-money equity valuation of $100 million. The funds will be used to expand cross-functional teams and pursue licensing in additional jurisdictions.
Cube is currently in early access mode and is expected to launch publicly within the coming months.
Bartosz Lipinski, CEO of Cube, stated that the company plans to continue offering reward pools in collaboration with listed tokens and currently has no immediate plans to issue its own token.
Previous report, on October 24, Cube.Exchange raised $9 million in seed funding, with investors including Asymmetry Technologies, Susquehanna Private Equity Investments, LLLP, Everstake, Foundation Capital, Big Brain Holdings, Third Kind Venture Capital, Arche Fund, and WW Ventures.
