London trading firm LO:TECH secures $5 million seed round, plans broader on-chain capital markets push
The London-based digital asset buying and selling agency LO:TECH has raised $5 million in a seed spherical led by 13books Capital, funding that the corporate says will speed up its ambition to construct unified, high-frequency infrastructure for the on-chain capital markets of the close to future. Different buyers included Lightspeed Faction, Veris Ventures, CRIT Ventures USA, and angel buyers Mark Ransford and Rodney Ngone.
LO:TECH stated the capital will probably be used to increase its high-frequency buying and selling stack right into a broader suite of companies. The agency plans so as to add company execution and OTC buying and selling to its current market information and liquidity provision companies, describing the increase as the following step in its growth as a buying and selling agency constructed for the approaching motion of capital markets exercise on to blockchain rails.
“LO:TECH was based with the ambition of constructing unified, high-frequency buying and selling infrastructure that may function seamlessly throughout centralised, DeFi and TradFi venues,” stated Tim Meggs, CEO of LO:TECH. “A yr after popping out of stealth, we’ve validated our strategy by standing up plenty of revenue-producing enterprise traces, all constructed on high of this core infrastructure. This funding spherical, led by 13books Capital – a number one UK fintech enterprise investor – is especially thrilling because it permits us to energy on to the following stage of our evolution, increasing our exercise to incorporate extra on-chain capital markets companies, together with company execution and OTC buying and selling.”
The increase comes alongside LO:TECH’s efforts to advertise higher transparency in digital asset markets. Final week the corporate revealed its State of Crypto Market Making 2025 report, which highlighted mistrust of liquidity suppliers throughout the crypto neighborhood. Surveying greater than 2,000 members from 98 nations, the analysis discovered that 52% stated they don’t belief market makers, and 70% stated they’d prosecute them for his or her affect on the ecosystem. LO:TECH stated the rules of real-time visibility outlined within the report are being prolonged into its broader product roadmap.
Lead investor 13books Capital has a monitor report of backing fintech and infrastructure startups. Associate Michael McFadgen stated LO:TECH’s first-principles strategy was a key issue within the resolution to steer the spherical.
“We invested in LO:TECH as a result of they’re rebuilding capital markets infrastructure from first rules: quick, clear, and absolutely on-chain,” McFadgen stated. “In a fragmented and sometimes opaque business, their deal with bettering efficiency and transparency in token market making is an actual differentiator. As establishments enter the house, LO:TECH is laying the rails that can energy the following era of crypto markets and companies.”
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