Crypto
Variational, Arbitrum-based derivatives startup, raises $50 million
Variational, an Arbitrum-based derivatives startup, has raised $50 million in a Series A round led by Dragonfly Capital. Bain Capital Crypto and Coinbase Ventures also participated, The Block reported. Co-founded by Lucas Schuermann and Edward Yu, the company focuses on bringing traditional finance dealer and exchange liquidity to on-chain trading and plans to offer a range of derivatives, including physical commodities. It plans to list more than 100 traditional finance products on-chain this summer.
