Pre-Seed funding round led by gumi Cryptos Capital and including Psalion VC, G1 Ventures and Roosh Ventures.

London, UK – 26th of February 2024 — Arkis, a DeFi Prime Broker, announced today that it has secured pre-seed round funding from a consortium of venture capital firms led by gumi Cryptos Capital, including G1 Ventures, Blocklabs, and Roosh Ventures.

Arkis offers on chain risk management that enables capital providers to safely provide undercollateralized loans to DeFi hedge funds. Arkis’ institutional-grade infrastructure will improve capital efficiency in DeFi and accelerate the maturation of decentralized finance and adoption in large institutions. 

Arkis was founded in 2022 by childhood friends from Ukraine, Serhii Tyshchenko and Oleksandr Proskurin. Both have substantial backgrounds in academic mathematics and years of experience working in traditional finance.

“ After the collapse of FTX and 3 Arrows Capital, lending naturally took a huge hit.” “Oleksandr and I have developed a new mathematical approach to undercollateralized leverage infrastructure, which benefits from the tremendous transparency and deter.”

Tyshchenko

“As capital flows back into decentralized finance and with increased regulatory clarity, new mechanisms are needed to manage risk and optimize the flow of lending.”

“We are excited to back this world-class technical team with a proven track record in developing secure and reliable financial products, in building a better solution for prime brokerage.”

Miko Matsumura, Managing Partner at gumi Cryptos Capital

Arkis empowers users to leverage their on-chain trading positions across multiple protocols and blockchains, all within a singular on-chain margin account powered by a state-of-the-art margin engine. This sophisticated system offers unparalleled advancements in asset valuations, categorizing by type including LP Positions, lending positions, and ERC-20s. Furthermore, with features like cross-margining and a meticulously designed liquidation planning and execution process, Arkis ensures exceptional capital efficiency for borrowers while maintaining robust safety measures for lenders.

Arkis is collaborating with DeFi hedge funds to create custom leverage environments, fostering bilateral OTC transactions between lenders and borrowers within a framework of strong cybersecurity. These assets are locked in an audited smart contract managed by an investment manager within a specific set of whitelisted operations. In the event of a margin call, the smart contract executes a multi-chain, capital-efficient liquidation. The Arkis experience is seamless, allowing users to access capital as if it were their own and use any interface of their choice.

Arkis has embarked on a mission to expedite the maturation of DeFi.

“DeFi is maturing the same way traditional finance did: while originally unstructured it has evolved into a sophisticated system consisting of prime brokers, exchanges, and hedge funds”

“We are here to leverage blockchain technology to revolutionize the way cross-margin is calculated, bringing even better capital efficiency compared to traditional finance while still preserving security and risk-management controls.”

Proskurin

Last month, the company announced a strategic partnership with Edge Capital and integration with 1inch for enhanced liquidity aggregation. After successfully conducting its first transactions with DeFi funds during private beta in October, Arkis is set for public launch in February.

About Arkis

Based in London, UK, Arkis is a DeFi Prime Broker dedicated to reshaping the landscape of decentralized finance. With a focus on undercollateralized leverage and prime brokerage, Arkis is at the forefront of innovation, bridging the gap between traditional finance and the burgeoning world of DeFi.

About gumi Cryptos Capital (gCC)

gumi Cryptos Capital (gCC) is an early-stage crypto-native venture capital firm. gCC deployed its $21M fund I into the “crypto winter” of 2018 to back founders at the earliest stages such as OpenSea, Yield Guild Gaming, 1inch Network, Agoric, LIT protocol and Astar. On the strength of fund I gCC raised a $110M fund II and continues to back world-class founders and entrepreneurs who are building the foundational layers of web3 or who use blockchain technology to gain significant competitive advantage.