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Startup Opium Protocol Raises $3.25M To Allow Users Trade Custom Decentralized Derivatives

Mary Liu

Summary: Opium Protocol, an on-chain derivatives protocol, announced the completion of $3.25 million funding. Investors include QCP Soteria, HashKey, Galaxy Digital, Rockaway Blockchain Fund, Meta Cartel Ventures, Alameda Research, etc.  Opium Protocol is headquartered in Amsterdam. The startup allows users to create, trade, and settle any custom decentralized derivative. Founder and CEO Andrey Belyakov said that ...

Opium Protocol, an on-chain derivatives protocol, announced the completion of $3.25 million funding. Investors include QCP Soteria, HashKey, Galaxy Digital, Rockaway Blockchain Fund, Meta Cartel Ventures, Alameda Research, etc. 

Opium Protocol is headquartered in Amsterdam. The startup allows users to create, trade, and settle any custom decentralized derivative. Founder and CEO Andrey Belyakov said that Opium was created to solve three problems in the traditional derivatives market: Transparency, barriers to entry, and cost-efficiency. The company also plans to launch credit default swaps, which aims to play a role in the insurance market.

By Mary Liu

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Link: Startup Opium Protocol Raises $3.25M To Allow Users Trade Custom Decentralized Derivatives   [Copy]
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