Aark proudly announces the successful completion of its Seed Round funding, attracting investment from renowned industry pioneers. The impressive list of investors includes HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest.
This follows its Pre-Seed in the second quarter of 2023, which saw notable leadership from Delphi Digital and participation from OKX Ventures and Big Brain Holdings.
Aark is a perpetual DEX that aims to revolutionize the DeFi space. It utilizes LRT assets to enhance liquidity for perpetual traders.
As a seasoned professional in the field, Aark is poised to expand its team to enhance the development of highly scalable liquidity solutions. The company aims to tap into the lucrative $10 billion TVL market, offering unmatched high-leverage trading opportunities of up to 1000x for a wide range of assets.
“Aark is shaping a future where perpetual DEXs surpass their centralized counterparts. To achieve this, Aark is introducing DeFi innovations that are absent in CeFi. Over the past two years, Aark has been meticulously developing a hyperscalable and diverse system. With the support of our new investors and believers, we aim to propel the on-chain derivatives industry to new heights,” said Eden, CEO of Aark.
“Aark’s innovative exchange model, diverse composability, and tradfi-focused team position it for significant market growth. HashKey Capital is excited to support Aark’s mission to revolutionize the perp dex landscape. We look forward to witnessing Aark’s continued growth and success in the years to come.” said Stanely Wu, Investment Professional of Hashkey Capital.
Danilo S. Carlucci, Founder and CEO of Morningstar Ventures said: “With growing adoption rates and bullish market trends, the industry needs more projects focusing on scalable and advanced trading solutions that can serve the needs of both retail and institutional investors. With Aark at the forefront of LRTfi and being one of the leading perpetual DEXs on Arbitrum, we are thrilled to be part of this round and continue supporting the team in growing within the DeFi landscape.”