FLUID, an AI Quant-based Liquidity Aggregator Raises $10 Million

FLUID, a leading ultra-low latency CeDeFi liquidity aggregator leveraging AI quant-based models to tackle inefficient fragmented liquidity in the digital assets market today announced a raise of $10 million in its latest funding round.

FLUID Raises $10 Million In Latest Funding Round

FLUID is committed to tackling the menace of inefficient fragmented liquidity in the digital assets space. In the latest development, the CeDeFi liquidity aggregator announced a raise of $10 million in a funding round led by prominent blockchain investors such as GSR, Ghaf Capital, and 21Shares.

Per sources close to the matter, the fresh funds will be used toward helping FLUID realize its vision of connected liquidity by offerings users access to the best real-time pricing, and liquidity for smaller venues such as exchanges by lowering spreads and latency.

For the uninitiated, FLUID aims to disrupt the way liquidity works in the emerging blockchain and cryptocurrency industries. The platform’s proprietary smart order book offers high throughput at ultra-low fees and minimal latency by leveraging machine learning and quantitative-based methodologies that are typically used in the high-frequency trading world.

In essence, FLUID is working toward enhancing liquidity across spot trading, derivatives, futures, synthetics, tokenized assets, and security token offerings and tackling a multi-trillion-dollar opportunity in the digital assets space.

Over time, FLUID sees itself becoming the industry leader in the liquidity aggregation space, benefitting DeFi, CeFi, NFTs, and several other tokenized digital assets across retail and institutional verticals.

Who’s Leading the FLUID Team?

FLUID is led by a team of seasoned ex-bankers and fintech experts from Bank of America, Goldman Sachs, BlackRock, and Jefferies.

Commenting on the development, Ahmed Ismail, President, and CEO, FLUID, said:

“We are delighted to have the backing of top institutional investors, partners, and the involvement of a world-class dedicated team to build our AI quant-based crypto liquidity aggregation system. The current technology used to aggregate virtual liquidity is many years behind that used by mainstream hedge funds and trading desks at financial institutions, leading to high fees and high latency in the crypto industry. FLUID will transform the virtual assets industry by solving a number of combined challenges that arise from fragmented liquidity which remain unresolved today. In effect, we provide retail and institutional investors access to a secure, robust framework for participation in the virtual assets market.”

FLUID’s flagship AI quant-based engine is the platform’s core and is being developed by its CTO, Jason Jiang, who possesses more than 23 years of experience at Goldman Sachs and BlackRock with a focus on creating quant-based high-frequency models for trading on liquidity aggregators in traditional finance and, most recently, digital asset markets.

FLUID is eyeing a May 2022 launch. People interested in learning more about FLUID can visit the official website here.