This funding accelerates August’s on-chain prime brokerage capabilities. With seamless cross-margining and enhanced capital efficiency, clients can hedge DeFi portfolios with CeFi rails – all within a single on-chain account.
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August: $10m Series A raised for on-chain prime brokerage platform
“The events of 2022 following the collapse of large centralized finance counterparties, more liquidity and volume has moved on-chain over the past two years, demonstrating that transparency and risk management are non-negotiable," said Co-CEO Aya Kantorovich.
