Birdai Labs, a company building on-chain execution infrastructure, has raised $4 million in a seed round, according to PR Newswire. Castle Island Ventures led the financing, with participation from Metalayer Ventures and The Venture Dept. The company is focused on infrastructure that measures, verifies, and optimizes trade execution quality for high-performance public blockchains. Its stated goal is to reduce value loss between order placement and execution that stems from sequencing and propagation, while returning more value to traders and market makers. Birdai Labs also said its team includes members from traditional finance firms including Franklin Templeton and Citadel. The company is now expanding its senior engineering and quantitative research teams to address on-chain execution competition under multi-proposer architectures and to support verifiable standards for fair and transparent execution as institutional participation in digital asset markets grows.
Birdai Labs, an on-chain execution infrastructure company, has completed a $4 million seed round, according to PR Newswire.
Castle Island Ventures led the round, with participation from Metalayer Ventures and The Venture Dept.
The company focuses on infrastructure for measuring, verifying, and optimizing trade execution quality on high-performance public blockchains. Its goal is to reduce the value loss that can occur between order submission and execution because of sequencing and propagation, and to return more value to traders and market makers.
Birdai Labs said its team comes from traditional finance institutions including Franklin Templeton and Citadel. The company is also expanding its senior engineering and quantitative research teams to adapt to on-chain execution competition under multi-proposer architectures and to support verifiable standards for fair and transparent execution for future institutional participation in digital asset markets.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
