LO raises $12M from MMC to expand into US and Asia
LO:TECH (London-based crypto trading firm LO) has raised $12 million in a Series A led by MMC to expand into New York and Singapore, and plans to grow its institutional trading services across crypto, traditional assets and prediction markets. The firm is betting on round-the-clock tokenized stock trading, though it has not said whether it currently trades such instruments.
- A WFE study cited in earlier reporting found stock exchanges still set prices in listed equities, a headwind for 24/7 venue models.
- No valuation or launch timing was disclosed.
Sources
- NEW: London-based crypto trading firm LO has raised $12 million in a Series A funding round led by MMC to expand into New York and Singapore. The firm is also looking to grow its institutional trading services across crypto, traditional assets and prediction markets. https://t.co/mIiaT1ia1gx.com ↗
- LO:TECH raises $12 million to expand crypto trading into U.S. and Asiacoindesk.com ↗
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