Angels from Citadel, Jane Street, JPMorgan Back $20M Raise for Theo Network

Theo network, a blockchain company aiming to bridge the gap between Wall Street and retail investors, has secured a significant funding round of $20 million. The investment was co-led by Hack VC and Anthos Capital, with additional participation from prominent venture capital firms Manifold Trading, Miranda Ventures, Flowdesk, MEXC, and Amber Group.

Angels from the financial world, including Citadel, Jane Street, JPMorgan, have also backed Theo's funding round. The company's institutional-grade trading platform is designed to give retail investors access to advanced strategies typically used by professional trading firms.

Aiming for Institutional-Grade Trading

Theo was created by former quant traders with the goal of providing onchain trading infrastructure that can be used across centralized exchanges and decentralized financing protocols. The company's platform gives retail investors a chance to experience high-frequency trading and market making, tools usually reserved for professional trading firms.

A Growing Wave in Blockchain Protocols

Theo is part of a growing wave of blockchain protocols attempting to bridge the gap between institutional finance and retail. Other notable players in this space include Polygon, Fireblocks, Ondo Finance, Lido, and BloFin. These companies are pushing the boundaries of how blockchain technology can be used to enhance trading and investing experiences.

The Rise of Institutional Involvement

However, there is also evidence suggesting that influence is flowing in the opposite direction. With the launch of Bitcoin exchange-traded funds and the rise of real-world asset tokenization, institutional involvement in digital assets has become increasingly prevalent. The growing dominance of stablecoins as a preferred funding method is another factor driving this trend.

According to credit rating agency Moody’s, secondary markets built on the blockchain can streamline the investing process by removing inefficiencies and lowering barriers to asset ownership. This trend is reflected in a recent survey by Coinbase and EY-Parthenon, which found that most institutional investors plan to increase their crypto allocations this year.

Future Outlook

The majority of institutions are expected to become active DeFi users within two years, according to the survey. As the landscape of blockchain technology continues to evolve, companies like Theo network are well-positioned to capitalize on this trend and bridge the gap between institutional finance and retail investors.

Total Value Locked Hits $29M

The Theo network has secured nearly $29 million in total value locked as of April 23, according to industry data. This milestone is a testament to the company's growing reputation and its commitment to providing cutting-edge trading infrastructure for retail investors.