QFEX, a "TradFi native" contract DEX project, has completed a $9.5 million seed funding round, led by General Catalyst.

According to Mars Finance, on March 5th, on-chain contract trading platform QFEX completed a $9.5 million seed round of financing. The round was led by General Catalyst, with participation from numerous well-known institutions and angel investors including Y Combinator, Paul Graham, Nexus Venture Partners, Moonfire VC, Goodwater Capital, Liquid 2 Ventures, 468 Capital, and Ritual VC. QFEX positions itself as the first "TradFi native" perpetual contract trading platform, offering 24/7 high-leverage trading of traditional assets (RWA) such as US stocks, indices, commodities, and forex, with leverage up to 50x. The platform aims to allow ordinary investors to compete with institutions and high-frequency trading firms on equal terms. Team members come from top trading institutions such as Citadel, Jump Trading, Optiver, Jane Street, Tower Research Capital, and Flow Traders, possessing strong backgrounds in traditional finance and high-frequency trading.