On-chain DEX project QFEX completes $9.5 million seed round financing, led by General Catalyst

The on-chain contract trading platform QFEX has completed a $9.5 million seed round financing, 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, and Ritual VC.

The official statement indicates that QFEX positions itself as the first "TradFi native" perpetual contract trading platform, offering 24/7 high-leverage trading of traditional assets (RWA) such as U.S. stocks, indices, commodities, and foreign exchange, with leverage up to 50 times. The platform aims to enable 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 a strong background in traditional finance and high-frequency trading.