TechFlow News — On March 12, Vest announced the completion of a $5 million funding round backed by Jane Street Group, Selini Capital, Amber Group, QCP Group, Big Brain VC, and executives from institutions including BlackRock and Citadel. Vest is building "The Universal Risk Engine," aiming to address the fragmentation, isolation, and privatization of risk data in financial markets. The project seeks to replace fragmented individual risk assessments with a verifiable, neutral framework, enabling market participants to access a shared, objective risk model that dynamically adapts to changing market conditions.
Vest's first product is Vest Exchange, a perpetual contracts exchange. Unlike traditional CLOB (central limit order book) models, the exchange leverages blockchain and zero-knowledge proof technology to enforce neutral and fair pricing, creating a trading environment free from market manipulation with stable and predictable liquidity. The project will launch a rewards program on March 12, 2025, to recognize early testers.
