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Alkimiya raises $7.2m in new funding

Wilmington based startup building a decentralized capital markets protocol raised $7.2m in new funding led by 1kx and Castle Island Ventures. 

"Traditional commodity companies like oil or gold companies use futures and options to hedge against their production risk. The problem with blockspace producers is that they can hedge against the price of bitcoin or ETH but they don't actually know how much bitcoin or ETH to hedge."

Tags

defi, capital markets