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About ByteTrade
ByteTrade is a Singapore-based exchange technology company that runs a public chain designed for trading: a matching chain handles order pairing and a clearing chain handles assets and settlement, each producing blocks through 11 nodes under multi-layer DPoS, and business clients use its open-source code to stand up their own decentralised exchange while every dApp shares one order pool. It answers the thin liquidity of small venues, since orders from across the network are pooled and matched together and depth no longer depends on a single venue's users; assets are locked in contracts on the source chain rather than trusted to a gateway.
Clients are projects and communities wanting a white-label exchange, charged eight basis points of traded value, half to witness nodes and half to the team running that dApp, with matching nodes earning matching fees and clearing nodes earning clearing fees. A user submits an order in the front end, matching nodes sequence it, clearing nodes complete the cross-chain transfer, and the result is recorded on the chain. Nodes sit in cloud facilities across several regions, so throughput and block production depend on those facilities, and on-chain governance rests with a small set of witnesses.
ByteTrade Lab, founded in 2018, focuses on decentralized value exchange infrastructure. Key milestones include: In June 2023, it completed a $50 million Series A round backed by SIG Asia and others. In April 2023, it established a long-term partnership with UC Berkeley's DeFi research program. In November 2023, it led an investment in Waterfall. In September 2024, its product Olares One surpassed $1 million in Kickstarter orders within a week. These events mark its evolution from infrastructure development to ecosystem expansion and product validation.
In February 2026, ByteFuture, formerly ByteTrade, began shipping Olares One, its personal AI workstation; the Kickstarter campaign drew 816 backers and more than USD 2.3 million in pledges, and all orders have shipped. From September 4 to 8, Olares One made its European debut at IFA Berlin, powered by an RTX 5090M and a Core Ultra 9 275HX.
ByteTrade closed a USD 55 million round in June 2026 and disclosed it in September, bringing total funding above USD 100 million, with proceeds going to Olares One production and Olares OS development. The system runs local inference, agent orchestration and per-app sandboxing, with more than 200 one-click apps in Olares Market, while ByteTrade also works on an Agent Internet for privately operated agents.
ByteTrade will pair an open-source operating system with in-house hardware for personal AI cloud, broaden sales beyond North America in the fourth quarter, and make agent-to-agent messaging and sandbox isolation auditable infrastructure.
Lucas Lu (Liang Lu) — Founder & CEO, founded ByteTrade in 2018.
Peng Peng — Founder & CTO, led the trading public chain and ByteOS.
Frank Hu — Co-founder & COO. Tim Gong (Gong Ting) — Chairman; ex-ByteDance/TikTok angel investor who led the $40M round in Jun 2022.