Share this article
Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Galaxy Digital Leads $20M Funding Round in DeFi Firm Skolem
Skolem provides data and trade execution services for institutions to access decentralized finance markets.
Skolem Technologies has raised $20 million in Series A funding that was led by Galaxy Digital, according to a statement Wednesday.
- Skolem, which provides data and trade execution services for decentralized financial markets, said it plans to use the capital to build its team, as well as scale the platform’s capabilities to grow the DeFi market by “orders of magnitude,” the company said in a statement.
- Additional investors in the round included Point72 Ventures, Jump Crypto, Fenwick & West, Morpheus Ventures, and Dragonfly Capital.
- “DeFi markets are constantly evolving, making it difficult for institutions to easily trade, record and engage in the market in a secure and dependable way,” JP Smith, Skolem’s founder and CEO, said in a statement. “At Skolem, we are firm believers that DeFi will change our world over the next decade, and we are committed to increasing access to this important market by developing a scalable platform that can safely provide an entry point.”
Read more: Institutional DeFi Enabler? Data Firm Kaiko Probes DEX Liquidity With New Product
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Michael Bellusci
Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.
More For You
Multisig Failures Dominate as $2B Is Lost in Web3 Hacks in the First Half
A wave of multisig-related hacks and operational misconfiguration led to catastrophic losses in the first half of 2025.
What to know:
- Over $2 billion was lost to Web3 hacks in the first half of the year, with the first quarter alone surpassing 2024’s total.
- Multisig wallet mismanagement and UI tampering caused the majority of major exploits.
- Hacken urges real-time monitoring and automated controls to prevent operational failures.
