Satori, a San Francisco, CA-based supplier of a decentralized derivatives platform for Polkadot, raised $10M in Seed funding.
The spherical was led by Polychain Capital and Block change Ventures with participation from Bounce Crypto, Gavin Wooden, Coinbase Ventures, Portal, Acala, Astar, Parallel, and Clover.
The corporate intends to make use of the funds to increase headcount particularly on the engineering finish, in addition to build-out and solidify its safety and reliability group to assist institutional-grade derivatives.
Led by skilled monetary professionals, together with co-founders Rahim Noorani (beforehand at Goldman Sachs and Scale Ventures), and George Wu (beforehand at Optiver), Satori is an on-chain spinoff alternate constructed for each retail and institutional traders within the Polkadot ecosystem. Geared in direction of skilled merchants, the alternate is permitting traders to take advantage of the potential of DOT by giving merchants entry to their very own, devoted derivatives platform—working with parachains, market makers, and retail customers throughout the ecosystem.
Satori will launch to the general public within the coming weeks and will probably be accessible for customers throughout Moonbeam, Acala, Parallel, Astar, and Clover.