Compartir este artículo

Rails Raises $14M From Backers Including Kraken to Launch Crypto Exchange

Backed by Kraken, Slow Ventures, and CMCC Global, the trading platform offers on-chain custody combined with high speed execution.

Money in hand (Unsplash)
Rails raises $20M from backers including Kraken to launch hybrid crypto exchange. (Unsplash)

Lo que debes saber:

  • Crypto exchange Rails raised $14 million in a token sale to investors in April.
  • The trading platform enables users to retain custody of their assets while accessing performance traditionally associated with centralized exchanges.

Crypto exchange Rails has raised $14 million in a token sale to launch its trading platform combining self-custody and high-speed execution, the company said in a press release Wednesday.

The company raised $14 million in a token sale to investors in April this year, and $6 million in a seed round that closed in January 2024, the firm said.

CONTINÚA MÁS ABAJO
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver Todos Los Boletines

Investors include Kraken, Slow Ventures, CMCC Global, Quantstamp and Round13 Capital, the company said.

Rails said it is designed to solve crypto’s core trade-off: speed versus security.

The platform enables users to retain custody of their assets while accessing performance traditionally reserved for centralized exchanges, Rails said.

“Our hybrid model delivers the best of both worlds,” co-founder and CEO Satraj Bambra, said in the release. “Users get the transparency of on-chain custody without giving up speed."

Rails will support trading for major crypto assets, the company said, and will leverage zero-knowledge proofs and Merkle trees to validate trades securely.

The platform will deploy exclusively on Kraken’s layer-2 network, Ink, to boost transaction speed and reduce costs, the company said.

Read more: Crypto Fundraising Is Positive, But Slower Than Expected Under Trump Administration

Descargo de responsabilidad: Algunas partes de este artículo se han generado con la ayuda de herramientas de IA y han sido revisadas por nuestro equipo editorial para garantizar su exactitud y el cumplimiento de nuestras normas. ara más información, consulte Política completa de CoinDesk sobre IA.
Will Canny

Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.

Picture of CoinDesk author Will Canny
AI Boost

“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy.

CoinDesk Bot