PANews reported on February 13 that according to official news, OKX Ventures announced a seed round investment in the innovative trading application Blum, which aims to create a trading experience that connects DEX and CEX for 90 million users. This round of financing was led by gumi Cryptos Capital, with participation from Spartan and No Limit Holdings. At the same time, it received continued investment from pre-seed round supporters YZi Labs and Top.co, as well as participation from well-known institutions such as Bitscale Capital and Wintermute. Currently, Blum has received a total of US$5 million in pre-seed and seed round financing.

“This funding marks an important milestone for Blum as it will fuel the development of our trading capabilities. We are grateful to OKX Ventures and our other backers for their confidence in us,” said Gleb Kostarev, CEO and co-founder of Blum. “Blum has attracted the attention of investors and users since day one. Our approach to fundraising is more than just securing funding; it’s about carefully selecting partners who have the expertise and resources to enhance the user experience.”

Jeff Ren, Partner at OKX Ventures, said: “We are delighted to invest in Blum, one of the largest Telegram Web3 communities. At the same time, we will also establish a partnership with Blum through OKX Connect to jointly attract more users. Through this investment, we hope to once again demonstrate our willingness and determination to promote the development of the Ton ecosystem.”