Skolem Technologies, a NYC-based institutional-grade asset management and execution services provider that enables investors to access the DeFi markets in a safe way, raised $20m in Series A funding.
The round was led by Galaxy Digital with participation from Point72 Ventures, Jump Crypto, Fenwick and West, Morpheus Ventures, and Dragonfly Capital.
The company intends to use the funds to build out its team and scale the platform’s technological capabilities.
Founded in 2020 and led by JP Smith, formerly of Trail of Bits, Skolem is a full-stack DeFi platform that enables institutions to participate directly in DeFi markets without having to increase technical headcount and portfolio risk. Skolem’s infrastructure and interface layer provides clients with reliable execution, an easy-to-use web UI and API, and full trade lifecycle support.