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aetoswire4d ago

Variational Secures ~$50M to Bring Liquidity from Traditional Markets To Crypto>

(BUSINESS WIRE) -- Variational, a protocol for on-chain derivatives trading, has announced a ~$50M Series A raise led by Dragonfly with support from Bain Capital Crypto, Coinbase Ventures, and other strategic investors. The funding coincides with the launch of the protocol’s first Real-World Asset (RWA) markets. This initial rollout allows traders to access perpetuals on select commodities alongside their crypto portfolio, laying the groundwork for Variational to route liquidity directly from traditional markets in the coming months. While the broader crypto industry is attempting to bootstrap RWA liquidity from scratch on isolated Central Limit Order Books (CLOBs), Variational introduces a fundamentally different architecture. Instead of starting new order books from scratch for each new market, Variational aggregates and routes liquidity from both existing traditional and on-chain markets. By solving this "cold start" problem, Variational will allow traders to access a massive menu of global assets, from indices and single-name stocks to FX and crypto, all from a single account. In January 2025, Variational was released into an invite-only private beta. S...

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aetoswire4d ago

Payward Secures VARA Authorization in UAE, Enabling Kraken to Expand Regional Presence>

(BUSINESS WIRE) -- Payward, a unified financial infrastructure platform and the parent company of Kraken, today announced its expansion into the United Arab Emirates after being granted preliminary approval for a broker-dealer, investment and management licence from the Virtual Asset Regulatory Authority (VARA) in Dubai, UAE. Kraken, one of the world’s longest-standing and most liquid cryptocurrency platforms, now has the regulatory go-ahead to offer a full range of services in Dubai. This will include spot, margin, and OTC trading, staking, and access to Kraken Prime for institutional clients, as well as crypto transfers between users through Krak. UAE traders will be able to access Kraken’s global orderbooks, which have deep liquidity and reliable execution across major markets in Europe, the US, and APAC. Through a locally regulated Payward subsidiary, clients will also be able to fund and withdraw in dirhams (AED), giving secure, frictionless access to global crypto markets through a trusted, regulated on-ramp. “Dubai wrote a rulebook for crypto before most jurisdictions even acknowledged the asset class,” said Arjun Sethi, Co-CEO of Payward and...

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