Velar Secures $3.5M to Build World’s First Perpetual DEX on Bitcoin

Velar has secured $3.5M in seed round to accelerate the product development of Velar Artha – the world's first Decentralized Perpetual Derivatives Exchange (PerpDEX) on Bitcoin.

The round saw participation from leading investors including Black Edge Capital, CMS Holdings, Bitcoin Startup Lab, GBV, Cypher Capital, Trust Machines SPV, Samara Asset Group, Maple Block, Cogitent Ventures, and many more.

"We see DeFi on BTC as the dominant narrative of this cycle and Velar as one of the main players in this space. We're thrilled to support a team and product that has the potential to revolutionize the Bitcoin industry and reshape Bitcoins value proposition to retail users", Winston, Black Edge Capital.