The platform has become one of DeFi’s go-to destinations for tokenized stocks, commodities, and FX.
As the tokenized stock craze accelerates off the back of Hyperliquid’s “growth mode,” Ostium, a decentralized tokenized RWA exchange, has announced a new Series A round led by Jump Crypto and General Catalyst.
“Today, we’re pleased to announce $24M in new funding, including a $20M Series A led by Jump Crypto and General Catalyst, with participation from Coinbase Ventures, Wintermute Ventures, Crucible Capital, and many of our earliest users,” said Ostium founder Kaledora Kiernan-Linn on X.
While Hyperliquid-based platform TradeXYZ has garnered recent attention amongst tokenized equity traders, Ostium has been one of the top onchain destinations for RWA trading since April, when the exchange recorded more than $4 billion of perpetual volume.
Ostium has averaged between $600 million and $1 billion in weekly volume since April, while TradeXYZ processed nearly $4 billion of volume between Nov 24 and Nov 30.
Ostium allows users to trade a variety of real-world assets, including stocks, commodities, and FX, and has recorded more than $30 billion in all-time volume across more than 15,000 users.
