PANews reported on December 3rd that Ostium, a decentralized exchange founded by Harvard graduates, has completed a $20 million Series A funding round, valuing the company at approximately $250 million post-money. The round was led by General Catalyst and Jump Trading, with participation from Coinbase Ventures, Wintertermute, and GSR. Ostium had previously raised approximately $8 million in total funding.

This platform focuses on perpetual contract trading for real-world assets such as commodities and stocks, aiming to provide overseas investors outside the US with transparent and efficient exposure to the US market. The co-founder and CEO stated that their goal is not to directly compete with crypto-native perpetual contract protocols like Hyperliquid, but rather to challenge traditional online brokers like Robinhood and eToro. The Ostium team currently has 15 employees, and this round of funding will be used to expand into the non-crypto user market. Their product logic targets the pain points of opaque systems and technological lag faced by overseas investors accessing the US market through traditional brokers.