Fractal Raises $6M in Seed Funding
Summary
Backers included 6th Man Ventures (6MV), Archetype Ventures, Avalanche Ecosystem Fund Blizzard, Circle Ventures, CMT Digital, CoinShares, GoldenTree Asset Management, QCP Capital, Spartan Group, as well as angel investors Akshai Rajendran, Anand Gomes, Josh Frank, Shiliang Tang and Sid Powell. The company intends to use the funds to expand its offerings, launching institutional-grade products that facilitate capital efficiency, transparency, as well as a simplified user journey. Founded by Aya Kantorovich and Alexandre Elkrief, Fractal is an infrastructure provider enabling institutions to clear, settle, and margin digital asset trades on-chain. The company recently launched in beta with an initial cohort of clients using applications on the Avalanche blockchain, with a view to integrate with Ava Labs’ institutional subnet efforts. Fractal has offices in Switzerland and the British Virgin Islands.