Theo Raises $20 Million Investment…"Enhancing On-Chain Capital Efficiency with Institutional-Grade Trading Infrastructure"

Theo, a virtual asset (cryptocurrency) trading infrastructure network, announced on the 24th that it has raised $20 million (approximately 28.7 billion KRW) in funding.

This funding round was co-led by Hack VC and Answers Capital, with participation from several venture capitals including Mirana Ventures, Metalayer Ventures, and angel investors from traditional financial sectors such as Citadel, Jane Street, and JP Morgan.

Theo is a platform co-founded by three quant experts: Abhi Pingle, Arijit Pingle, and TK Kwon. It was established to address the limitations of on-chain capital not being able to access the traditional financial market.

Theo supports advanced trading strategies used by professional trading firms, such as cross-chain arbitrage, high-frequency trading, and hedging, for individual investors. Theo's customized validator set, a system that processes transactions securely and quickly, can be used across the entire virtual asset financial channel, including centralized exchanges (CEX) and decentralized finance (DeFi) protocols.

Abhi Pingle, co-founder of Theo, stated, "The current virtual asset market is fragmented and inefficient, preventing institutions and general users from enjoying the possibilities of global finance," adding, "Theo will help maximize capital efficiency by serving as infrastructure that connects traditional finance with on-chain participants."