August Raises $10M in Series A Funding
Summary
August, a Geneva, Switzerland-based provider of an on-chain prime brokerage and execution platform, raised $10M in Series A funding. The company intends to use the funds to accelerate its capabilities, with a portfolio margin system enabling institutions to use staked assets and yield-bearing positions as collateral for structured products, OTC derivatives, and credit. Led by Aya Kantorovich, Co-Founder and Co-CEO and Alexandre Elkrief, Co-Founder and Co-CEO, August provides an on-chain prime brokerage and execution platform that enables users to borrow, lend, trade, and clear across any DeFi and CeFi application with any form of liquid collateral. It supports all DeFi primitives, including lending, borrowing, spot execution, over the counter options, and derivatives. August currently supports 12+ blockchains, 250+ tokens, and 70 protocols, unlocking liquidity across any liquid asset.