Galaxy Capital Leads $16 Million Funding for Crypto Project Caspian
Announced today, both companies are teaming up to create Caspian, a project that has raised $16 million in funding via a token presale.
Investors in the round include Kenetic, Galaxy Investment Partners, Octagon Strategy, Techemy Capital, Global Advisors and Bletchley Park, according to David Wills of Kenetic.
Wills called Caspian "a frictionless on-ramp for crypto traders."
Professional trading software will facilitate greater liquidity in crypto assets," he told CoinDesk in an email.
Of those, 40 percent are available for the token sale, with 32 percent available in the reserve for various future uses.
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