"TradFi Native" Contract DEX Project QFEX Completes $9.5 Million Seed Round Funding, Led by General Catalyst

BlockBeats News, March 5 — On-chain contract trading platform QFEX has completed $9.5 million in seed funding. The round was led by General Catalyst, with participation from well-known institutions and angel investors including Y Combinator, Paul Graham, Nexus Venture Partners, Moonfire VC, Goodwater Capital, Liquid 2 Ventures, 468 Capital, Ritual VC, and others.

The company states that QFEX is positioned as the first “TradFi-native” perpetual contract trading platform, offering 24/7 high-leverage trading of traditional assets such as U.S. stocks, indices, commodities, and forex (RWA), with leverage up to 50x. The platform aims to enable ordinary investors to compete on equal footing with institutions and high-frequency trading firms. The team members come from top trading institutions like Citadel, Jump Trading, Optiver, Jane Street, Tower Research Capital, and Flow Traders, with strong backgrounds in traditional finance and high-frequency trading.