TechFlow news, March 7 — According to Fortune, crypto prime broker August has raised $10 million in Series A funding led by Dragonfly Ventures, with participation from SCB Limited, 6th Man Ventures, and Foresight Ventures. Co-founded by Aya Kantorovich and Alexandre Elkrief, August primarily offers crypto asset lending and trading services to large financial institutions such as hedge funds and family offices.
The company currently partners with 70 decentralized finance protocols and 13 blockchain networks, including Aave, Morpho, and Uniswap, aiming to help institutional investors manage all their crypto asset positions through a single platform. August mainly generates revenue through trading spreads and transaction fees.
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