Fractal is a crypto firm that is building web3 infrastructure that allows all on-chain financial assets to interact with and collateralize against each other through a universal margin account. The interaction starts with existing crypto assets and expands to real world assets . This is a new infrastructure that is set to create a new standard for on-chain finance by offering institutional-grade and capital efficient technology for on-chain assets therefore, expanding the digital economy.
Fractal has recently concluded a seed funding round that generated funds amounting to $6 million. The round was led by Hack VC and saw participation other crypto investors and corporates including 6th Man Ventures, Archetype Ventures, Avalanche Ecosystem Fund, Blizzard Fund, Circle Ventures, CMT Digital, Coinshares, GoldenTree Asset Management, QCP Capital and The Spartan Group among other angel investors.
The proceeds of this event will be utilized in facilitating the continuous launch of institutional-grade products with capital efficiency, transparency and a simplified user journey. The firm recently launched its first set of clients and users in beta while utilizing applications from the Avalanche blockchain. Fractal therefore, plans to integrate with Ava Labs’ institutional subnet efforts. One of the investors said that the firm’s infrastructure will allow companies to settle, clear and margin digital asset trades on-chain.
Recent developments in the centralized finance market have forced firms to gain interest in developing fit-for-purpose solutions to support on-chain finance. Fractal therefore, aims to develop this infrastructure in a manner that facilitates transparency and eliminates the opaqueness that has plagued the industry. The solution is also set to affect on and off-chain assets in a manner that helps investors to seamlessly connect with the on-chain economy.
According to Fractal’s co-founders, Aya Kantorovich and Alexandre Elkrief, the lack of transparency can be solved through disintermediation and institutionalization. Transparency has been a pertinent design feature in recent rollouts of infrastructure, owing to the fallout of that dramatized last year’s crypto space with FTX and Three Arrows Capital being caught up in its wake. With these plans in motion, Fractal poised to reshape the market structure.
