NEW YORK — Ekiden secured $2 million in a new funding round that values the blockchain infrastructure provider at $20 million, the company said on Tuesday. The startup intends to direct the capital toward building institutional-grade on-chain derivatives trading infrastructure, addressing a growing market demand for secure and efficient digital asset tools across global financial jurisdictions where institutional investors operate today.
The financing for Ekiden was backed by two prominent venture capital firms, specifically Unicorn Factory Ventures and P2 Ventures, according to the company. Unicorn Factory Ventures participated in the $2 million round to help the startup develop advanced trading solutions that meet the specific compliance, operational, and security requirements demanded by institutional clients operating within digital asset markets and decentralized finance networks worldwide.
Ekiden will utilize the $2 million capital infusion to upgrade its core technology stack, enhance its platform capabilities, and expand its overall market reach within the sector. The chief executive officer of Ekiden said in a statement that the company aims to build a reliable infrastructure capable of supporting complex trading strategies for institutional clients who demand high standards of execution and performance.
P2 Ventures joined Unicorn Factory Ventures in backing Ekiden as institutional interest in decentralized financial products increases across the broader technology sector. The $20 million valuation reflects growing confidence among specialized venture funds in the long-term viability of on-chain derivatives trading platforms designed to handle high-volume institutional order flows without compromising system security or transaction finality.
Ekiden did not disclose the exact equity stake sold to Unicorn Factory Ventures and P2 Ventures in exchange for the $2 million cash injection. The company released no additional financial figures regarding its quarterly operational expenses, customer acquisition costs, revenue metrics, or hiring plans alongside the $20 million valuation announcement made to the market.
