TechFlow news, June 4 — According to Decrypt, cryptocurrency exchange startup Rails announced it has raised $14 million in a funding round backed by Kraken, CMCC Global, Slow Ventures, Round13 Capital, and Quantstamp.
Rails adopts a hybrid model that combines the advantages of centralized execution and on-chain custody, delivering high-performance trading through a centralized matching engine while using cryptographic technologies such as zero-knowledge proofs and Merkle trees for on-chain settlement. The platform aggregates all trades and publishes them on-chain, ensuring transparency and verifiability.
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