PANews reported on May 8 that GoQuant, a digital asset trading infrastructure provider, announced the completion of a $4 million seed round of financing, led by crypto investment institution GSR. Copper.co, Lombard Odie, Capital Union Bank, TYR Capital and FRNT Financial also participated in the investment. The new funds will be used to improve the performance of trading infrastructure and provide institutional clients with faster execution speeds and a more transparent trading environment.

According to reports, GoQuant was founded in 2022. Its trading system currently processes millions of orders per day, providing institutional clients with intelligent order routing services across centralized exchanges, decentralized platforms and over-the-counter markets. The platform integrates real-time market data, transaction cost analysis tools and risk management functions to help institutions optimize digital asset trading strategies.