ChainCatcher news, according to CoinDesk, digital asset trading company Crossover Markets has completed a $12 million Series A funding round, led by Illuminate Financial and DRW Venture Capital, with participation from Flow Traders, Laser Digital, Two Sigma, Wintermute, and others.Crossover Markets established a partnership with major broker Hidden Road last month. According to the company's CEO Brandon Mulvihill, it is one of the few ultra-low latency electronic communication networks (ECN) in the cryptocurrency space.

ChainCatcher news, according to Bloomberg, UK venture capital firm [Illuminate Financial](https://www.rootdata.com/zh/Investors/detail/Illuminate Financial?k=NjM1) has raised $235 million for its third fund, with investors including Bank of New York Mellon Corp. and Euroclear.It is reported that this fund is Illuminate Financial's largest to date, headquartered in London, and will invest in startups providing technology services to financial institutions. According to Illuminate, existing strategic investors including JPMorgan Chase & Co., Barclays Plc, and Jefferies Financial Group Inc. have also contributed to the new fund.According to RootData data, Illuminate was founded nine years ago by former TP ICAP Group Plc and Deutsche Bank AG executive Mark Beeston, and has operations in New York and Singapore. It has supported 35 companies, including digital asset market infrastructure company Copper, Blockdaemon, Baton Systems, and institutional staking platform Kiln. (source link)

ChainCatcher news, the staking service platform Kiln has completed a €17 million ($17.6 million) financing round, led by Blockdaemon and Illuminate Financial, with participation from ConsenSys Mesh, Kraken Ventures, GSR, LeadBlock Partners, Sparkle Ventures, Alven, and Blue Yard Capital. It is reported that this financing round ended in October.Currently, Kiln supports staking for Ethereum, Solana, Tezos, NEAR, Terra, and Cosmos, with plans to support more blockchains in the future. (The Block)