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Blockchain-driven trading platform HelloTrade has completed a $4.6 million funding round, led by Dragonfly Capital.
ChainCatcher news, the blockchain-driven trading platform HelloTrade co-founded by former BlackRock digital asset team employees Kevin Tang and Wyatt Raich announced the completion of a $4.6 million Series A funding round, 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 challenges faced by overseas users 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 previously served as a Senior Director of the BlackRock digital asset team, while Wyatt Raich was the Engineering Lead for the company's digital asset lab, during which they participated in the development of the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) ETF products. HelloTrade's products are expected to officially launch by the end of this year or early next year.