Aark is thrilled to announce the successful closure of its Seed Round funding, drawing investments from top industry trailblazers like HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest.

This achievement builds upon our earlier Pre-Seed round in the second quarter of 2023, led impressively by Delphi Digital, with contributions from OKX Ventures and Big Brain Holdings.

Aark stands as a pioneering 1000x perpetual DEX, poised to transform the DeFi landscape by utilizing LRT assets to enhance liquidity for perpetual traders.

With this fresh infusion of capital, Aark will expand its team to develop more scalable liquidity solutions, targeting the lucrative $10 billion TVL market and facilitating unprecedented high-leverage trading opportunities of up to 1000x for niche assets.

Eden, CEO of Aark, expressed, “Aark envisions a future where perpetual DEXs outshine their centralized counterparts. To realize this vision, Aark is introducing DeFi innovations that are absent in CeFi. Over the past two years, Aark has meticulously crafted a hyper-scalable and diverse ecosystem. With the backing of our new investors and believers, we aim to propel the on-chain derivatives industry to unprecedented heights.”

Stanely Wu, Investment Professional of Hashkey Capital, shared his excitement, saying, “Aark’s innovative exchange model, diverse composability, and tradfi-focused team position it for significant market growth. HashKey Capital is thrilled to support Aark’s mission to revolutionize the perp dex landscape. We eagerly anticipate Aark’s continued growth and success in the years ahead.”

Danilo S. Carlucci, Founder and CEO of Morningstar Ventures, emphasized the need for scalable and advanced trading solutions in the face of growing adoption rates and bullish market trends. He stated, “With Aark leading the charge in LRTfi and being one of the premier perpetual DEXs on Arbitrum, we are excited to be part of this round and to continue supporting the team in their journey within the DeFi space.”