Delta Exchange, a UK-based institutional-grade crypto derivatives exchange, announced that it has closed a US$ 5 million token raise from existing and new investors where Swiss venture firm Blockchain Valley Ventures (BVV) backed and advised the former on their token raise.

The token raise adds to existing investors like Aave, Coinfund and Kyber Network. New investors of the company include Spartan Group, QCP Soteria, Gumi Crypto, LuneX Ventures, Tembusu Partners and BVV.

The token generation event, as well as token listing initially on Delta and Uniswap, is expected around the end of March.

Delta is an established player with highly innovative products, focusing on alternative derivatives, where they are unbeaten in speed to market. It is led by a team of seasoned derivative industry executives from global institutions and investment banks. Delta records a fastly growing volume of currently between USD 80 to 100m daily of swaps, options and additional derivatives on digital assets. With a local and global customer base, Delta is perfectly positioned to take advantage of the opportunities in the Indian market. Despite recent developments, India is the largest derivatives market in the world and the recent lift of the crypto ban has amplified local traction.

Delta champions an approach built on key premises from DeFi and existing token models. It leverages these to build deep liquidity pools, engage in liquidity mining via automated market-making (AMM), support a state-of-the-art buyback program and combined with a minimum support price. This will allow Delta to significantly improve spreads among its altcoin order book and grow its best-practice offering. With the strong pickup of DeFi and emerging new tokens, Delta is well-positioned to capture large parts of this opportunity and provide investors with financial products to hedge and safeguard positions, while its liquidity will allow best-in-class execution.

Pankaj Balani, the Founder and CEO of Delta said,

“With this raise, we can double down on remaining ahead of the curve in our industry and capitalize on the derivatives opportunity. The support from BVV has been instrumental; they have deep contacts, across Asia and Europe, with leading institutional token investors in the crypto space.

 

They not only helped us connect with the right set of investors but also helped us in streamlining our efforts.”

Sebastian Markowsky and Luca Burlando from Blockchain Valley Ventures commented:

“We are very bullish on Delta’s developments, being highly innovative in nature and at the cutting edge of the industry. Token models have matured significantly and will give rise to growth use cases for custodians, exchanges, wallets or digital asset providers in the coming months.

We are excited to have been part of this successful project and to see how Delta will take global leadership in its market.”