Vertex Protocol is a Singapore-based decentralized FX protocol offering multi-currency spot and derivatives trading and a range of leveraged FX products built around Terra’s stablecoins. The platform enables crypto-native users to trade, pool, borrow and lend currencies via stablecoins in a fashion similar to TradFi counterparts. The team, founded by Traders and Engineers with experience in TradFi and DeFi and including Alwin Peng, completed a Testnet phase with participation from over 75,000 individual users. Vertex intends to use the seed funding to scale the protocol’s technological and operational footprint. The company has a Mainnet launch planned for Summer 2022. Financially, Vertex closed an $8.5M Seed funding round to support these plans.

Total raised

$9M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2022