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Blockchain-driven trading platform HelloTrade has completed a $4.6 million funding round, led by Dragonfly Capital.
According to Deep Tide TechFlow news on November 20, as reported by Fortune, HelloTrade, a blockchain-driven trading platform co-founded by former BlackRock digital asset team employees Kevin Tang and Wyatt Raich, announced the completion of a $4.6 million first round of financing, led by Dragonfly Capital, with participation from Mirana Ventures and support from angel investors.
HelloTrade aims to provide global investors with access to U.S. asset investment channels through encryption technology, addressing the difficulties overseas users face in purchasing traditional investment products like U.S. stocks. The platform also offers perpetual futures trading services, providing users with asset exposure beyond the platform's cash.
Kevin Tang served as a Senior Director at BlackRock's digital asset team, and Wyatt Raich was the Engineering Lead at the company's digital asset lab. During their tenure, they were involved in the development of the iShares Bitcoin Trust (IBIT) and the iShares Ethereum Trust (ETHA) ETF products. The HelloTrade product is expected to officially launch by the end of this year or early next year.