Shuttle Labs, the NYC-based provider of Genius, a self-custodial digital asset trading exchange platform, raised $6M in Seed funding.
Backers included Anthony Scaramucci, CMCC Global, The SALT fund, Flow Traders, and multiple former FTX employees.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Shuttle Labs is a software development company that contributes to Genius, Genius, a self-custodial trading tool that leverages multi-party computation (MPC) technology and eliminates gas fees and user-facing bridge interactions, allowing for secure cross-chain trading. This enables users to buy anything, anywhere, in under five seconds—without needing user-facing bridge interactions.
The platform’s innovative liquidity-matching engine also aggregates DEX liquidity across multiple networks, delivering the best prices to users without the fragmented experience typical of decentralized exchanges (DEXs), no matter what chain they trade on. So, instead of the usual 300-1000 listed assets users can trade on centralized venues like Coinbase and Binance, or the siloed, ecosystem-specific assets available on certain blockchain networks, Genius offers over 12 million tradable assets across eight networks at launch.
FinSMEs