OKX Ventures underpins Aark Digital’s rise in the DeFi space with new funding
Summary
Aark Digital, a decentralised derivatives exchange constructed on the Arbitrum network, has recently piqued the interest of OKX Ventures, the investment arm of leading Web3 technology company OKX.The specifics of the investment amount have not been disclosed, but the capital comes from the highly successful OKX Ventures, a globally recognised institution known for its strong portfolio of investments in blockchain innovation and Web3 projects.Aark Digital has been fashioned for professional traders, boasting an array of innovative features. PMM facilitates the trading of over 300 pairs, inclusive of super long-tail assets, and pulls liquidity from the order books of top centralised exchanges, making Aark more liquid than any other centralised or decentralised exchange.The company aims to utilise the funding to expand their offering and further refine their innovative platform. This results in an experience that is equivalent to what users would encounter on centralised exchanges.In addition to these innovative offerings, Aark Digital also places focus on reducing LP risk and increasing returns, which reinforces their commitment to creating an all-new experience for professional traders.Regarding the investment, OKX Ventures Founder Dora Yue remarked, We are excited to announce this investment because the Aark team are passionate contributors to the derivatives space and are committed to creating a whole new experience for professional traders. Aark is a remarkable project for its product innovation, mechanism design and ability to reduce LP risk and increase returns.This investment in Aark Digital forms part of a larger strategy by OKX Ventures, who over the last two years, has invested in a staggering 300 projects across five continents, with a fund size of approximately $1bn. It is notable that OKX Ventures portfolio also includes investments in other promising projects such as Taiko, Berachain, Sei Network, Cetus Protocol, and Alienswap.Keep up with all the latest FinTech news here