Cube.Exchange

The hybrid encrypted trading platform Cube.Exchange has completed a $12 million Series A financing, led by 6th Man Ventures

ChainCatcher news, according to The Block, the hybrid trading platform Cube.Exchange, which merges traditional finance with blockchain technology, has completed a $12 million Series A funding round, led by 6th Man Ventures, with participation from GSR Markets, ParaFi Digital, Susquehanna Private Equity Investments, Everstake Capital, and others. According to insiders, this funding round involves equity with token warrants, with a post-money equity valuation of $100 million. The funds will be used to expand the cross-functional team and plans to obtain licenses in more jurisdictions. Meanwhile, Mike Dudas, founder and managing partner of 6th Man Ventures, has joined the Cube board.Cube is currently in early access mode and is expected to launch publicly in the coming months. Cube CEO Bartosz Lipinski stated that they plan to continue collaborating with listed tokens to provide a rewards pool, and there are currently no immediate plans to issue tokens.Additionally, according to data from the crypto platform RootData, Cube Exchange completed a $9 million seed funding round in October 2023, with investors including Asymmetry Technologies, Susquehanna Private Equity Investments, LLLP, Everstake, Foundation Capital, Big Brain Holdings, Third Kind Venture Capital, Arche Fund, WW Ventures, and members of the Cube.Exchange management team.
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