August Digital

We’re thrilled to announce that August has raised a $10M Series A to continue bringing institutions on-chain The round was led by Dragonfly with participation from 6MV, Tarun Chitra Robot Ventures, Foresight Ventures, SCB Ltd, Maven 11, FinTech Collective and several high profile angels. Read the full story at Fortune https://lnkd.in/epq4m9jm 2/ With over $7B in monthly volume and $400M in loans originated last year, August provides institutions, protocols, and OTC desks with a comprehensive suite of on-chain financial tools including: smart contract accounts, trade execution algos, borrowing/lending, options and structured products, tri-party collateral management, cross-margining and cross-chain DeFi strategies. 3/ Despite five years of innovation, DeFi is still out of touch with the institutional experience. Collateral is isolated per chain with no cross margining between CeFi and DeFi positions. August’s infrastructure enables portfolio margining across all crypto markets, both cross-chain and off-chain. Institutions can LP into a Uniswap pool on Base, while using this position as collateral to tap into CeFi liquidity directly to hedge the impermanent loss, borrow stables on Arbitrum to trade on Hyperliquid, or write OTC options to generate yield. 4/ Putting on a multi-step position on-chain still takes institutions in the order of hours between approvals and multi-sigs. August abstracts this complexity away and makes it 1-click, with automated post-trade monitoring. 5/ With over $200B in stablecoin market cap, and companies filing to bring equities on-chain - it's only a matter of time before the $30T equities market & $18T OTC derivatives market also get tokenized. August is best positioned to facilitate that wave in the most capital efficient manner. We're excited to continue scaling towards a future that is chain-abstracted, portfolio-margined and 1-click. Onwards???

Gearing up for a number of announcements in a few weeks ?? If you haven't gotten your ticket to The Tie Conference with Joshua Frank, don't miss one of the best events of the year ???

With DeFi total value locked at ~$140bn, stablecoin market cap crossing $200bn for the first time, and digital asset investment products (ETFs) largest weekly inflows on record 2 weeks ago totaling $3.85bn – we are gearing up for a more favorable digital asset environment over the next few weeks and delighted to see more of that continue to come on-chain. Thank you Tim Stenovec and Bloomberg Television for having me on - always an absolute pleasure!