Forward, a Bangkok, Thailand-based digital asset and blockchain startup focusing on protocol development for decentralized derivative exchange and DeFi platform, closed its USD 5m seed funding round.
The round was led by RPVAF-1, a global VC fund under Primestreet Capital, with participation from:
- Beacon Venture Capital from Kasikornbank,
- KASIKORN X from Kasikornbank,
- Krungsri Finnovate from Bank of Ayudhya, a member of the Mitsubishi UFJ Financial Group (MUFG),
- Ratanakorn Technology Group,
- GBV Capital, and
- Varys Capital.
Led by Chanon Charatsuttikul, Co-founder and CEO, and Asst. Prof. Dr. Udomsak Rakwongwan, Co-founder and Advisor, Forward is a digital asset and blockchain startup currently developing a newly invented protocol for decentralized derivative trading, where short and long positions are matched against each other using an advanced protocol named Automated Position Hedger (APH). Forward DDEX acts as a counterparty to instantly match users’ long and short perpetual Futures orders.
FinSMEs
12/09/2022