Blockchain
Rysk Finance raises $1.4M to spearhead on-chain market making for DeFi derivatives
Rysk Finance, the on-chain market maker for DeFi derivatives, has successfully raised $1.4 million USD in a pre-seed funding round led by Lemniscap, with participation from Encode Club, Ascensive Assets, Starbloom, Yunt Capital, and Manifold Trading, as well as angel investors Hype.eth, Ivangbi, Windra Thio, among others.
The funding will be leveraged to enhance platform security, drive engineering and research efforts and expedite the launch of Rysk Beyond, an advanced decentralized market maker protocol for options trading. Rysk Beyond represents the next iteration of Rysk’s first product, the Rysk Dynamic Hedging Vault (DHV) Alpha.
Rysk DHV set out a framework for providing depositors and liquidity providers with unparalleled access to uncorrelated, competitive risk-adjusted returns in different market conditions, by trading options and interacting with any derivative with a trackable delta.
One of Rysk’s goals since inception has been to build innovative DeFi applications that offer an optimized, sophisticated user experience, while addressing systemic industry complexity around generating higher returns per unit of risk taken for liquidity providers.
Rysk Beyond will extend the scope of options trading considerably with a rich suite of innovative features, geared towards providing a tailored options AMM experience. Users will be able to leverage the protocol to buy and sell options on multiple expiries and strikes with tight bid/ask price and higher capital efficiency.
Users will also be able to construct bespoke options strategies in one transaction through Rysk’s novel contract architecture design, including call/put spreads, strangles and butterflies, but also engage in term structure plays, such as calendar spreads, which is new to DeFi. Rysk will be working with traders and other structured products protocols to build traction with this new infrastructure. The upcoming launch of Rysk Beyond will spur integrations with DeFi protocols, treasuries and instruments such as perpetuals, futures and options, as the platform aims to underscore its credentials as the most liquid on-chain market maker for DeFi derivatives.
Dan Ugolini, Co-Founder of Rysk Finance, said: “As DeFi natives who envision a future where finance is transparent and truly democratised, we aspire to actively contribute to a vast ecosystem of sustainable risk-adjusted yield products with various market conditions. Today’s announcement represents an important milestone in our journey to become the most liquid on-chain market maker for DeFi derivatives. We look forward to continuing to work hand-in-hand with strategists, developers, and other protocols who share our vision to advance DeFi maturity.”
Roderik van der Graaf, Founder of Lemniscap, said: “The team at Rysk has demonstrated an innate understanding of DeFi market dynamics, and with Rysk Beyond, is developing a category-leading solution that is set to redefine the parameters of DeFi risk innovation. We’re supremely confident in the capabilities of the team in charting a strong growth trajectory in the near and long term, and are firmly aligned with their bold vision to deliver on-chain market making for DeFi derivatives. We look forward to supporting their exciting pipeline of activity in the months ahead.”
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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