Publicerad: 2020-09-08 08:46:16 CEST

Arcane Crypto AS, under uppköp av Vertical Ventures, har investerat i ITOAM
Sarl, bolaget bakom LN Markets tillsammans med Bitfinex och Fulgur Ventures.
Efter investeringen kommer Arcane Crypto AS att äga 7,14 % av ITOAM Sarl, LN

"Investeringen i LN Markets gir en veldig spennende eksponering mot det som kan
bli fremtidens derivathandel, styrker vår posisjon innen lightning og knytter
oss tettere til internasjonale partnere." - Torbjrn Bull Jenssen, CEO Arcane

Nedan följer LN Markets pressrelease angående pre-seed rundan som nu avslutats.

Press Release

LN Markets Closes Pre-Seed Round with Bitfinex, Arcane Crypto and Fulgur

PARIS, France, September 8 2020 8:45AM CET LN Markets ,
the first bitcoin derivatives exchange built on top of the Lightning Network,
has raised a pre-seed funding round to drive the project forward in
collaboration with Bitfinex, a state-of-the-art digital asset trading platform.
Arcane Crypto , which develops and invests in projects
focusing on bitcoin and digital assets, and Fulgur Ventures , an investor in early stage start-ups in Bitcoin and
the Lightning Network space, have also participated in the pre-seed round. 

LN Markets is a trading platform which creates a whole new experience for
traders, connecting them instantly to financial markets. LN Markets enables
traders to instantly stream their funds and execute trades directly from or to
their digital wallets. With no constraint of slow and complex fund transfers, a
new generation of financial products becomes possible. 

"We are very happy with the group of investors as they have a deep
understanding of the space and can add massive value to our company," said Cme
Jean Jarry, Co-Founder at IT. "With their investment and backing we will be
able to accelerate our development and offer new trading experiences to our
users. Bitcoin is both a financial asset and a very powerful financial
infrastructure and we intend to develop both aspects of it." 

"This is one of our first public investments and underlines our support for the
Lightning Network," said Paolo Ardoino, Chief Technology Officer at Bitfinex.
"When we look at a project such as LN Markets, we see a direct application of
the technologies that we love. It is therefore important for us to provide
funding and to participate in such an innovative venture." 

LN Markets leverages the Lightning Network, the essential scalability layer on
top of bitcoin which enables instant and highly cost efficient transactions. In
doing so, LN Markets minimizes the need for relying on the exchange as a
custodian. In addition, the platform avoids costly and slow on-chain
transactions -- which have recently become a growing concern in the digital
asset space -- and can potentially limit a traders ability to respond swiftly
to margin calls on exchanges. 

"Im certain LN Markets is a leap forward towards enabling traders to react
faster and move funds quicker than ever before," said Tobias Hoffmann, a
bitcoin developer, financial markets professional and LN Markets user. "The
possibilities for arbitrage and fund ownership are amazing. It sets an example
of how exchanges should let users operate with their funds." 

LN Markets  is developed by IT , a
bitcoin-focused start-up founded in 2019 by Cme Jean-Jarry, Victor Afanassieff
and Romain Rouphal, who have been working together in the bitcoin space since
2015 and as a team bring decades of combined financial markets expertise. 

ITs alpha product, bitcoin-collateralized derivatives trading, was launched in
mid-March and has since experienced substantial growth and user interest.
Despite the small-trade limit, currently set to 0.01 bitcoin per trader, users
of the LN Markets platform have executed more than 25,000 trades, aggregating
over $10 million of volume. 

"Having used LN Markets since launch and been in conversations with the team
for a while, I am very comfortable that this is something that can get really
big," said Torbjrn Bull Jensen, CEO at Arcane Crypto. "Bitcoin is ideal as a
collateral asset, and by leveraging lightning payments, LN Markets position
themselves at the cutting edge of the new financial system evolving around

"As a VC fund focused on bitcoin and the Lightning Network we are excited that
the LN Markets team applies Lightning Network technology in a unique and very
promising use case creating yet another proof point for the case of financial
ecosystem running on bitcoin, said Oleg Mikhalsky, a Partner at Fulgur

For more information, check out LN Markets , subscribe
to our newsletter  and follow us on Twitter . 


About ITO

ITO provides Bitcoin solutions for derivatives trading and clearing. With a
deep expertise in both finance and tech, and an acute understanding of the
Bitcoin disruption, ITO develops inventive products and services designed for
the financial industry. Read more 

About Bitfinex

Founded in 2012, Bitfinex is a digital asset trading platform offering
state-of-the-art services for digital token traders and global liquidity
providers. In addition to a suite of advanced trading features and charting
tools, Bitfinex provides access to peer-to-peer financing, an OTC market and
financed trading for a wide selection of digital assets. Bitfinexs strategy
focuses on providing unparalleled support, tools, and innovation for
experienced traders and liquidity providers around the world. Visit  to learn more. 

Media Contact for Bitfinex

Joe Morgan - Senior Public Relations Manager

About Fulgur Ventures

We invest in early stage startups focused on Bitcoin and the Lightning Network.
Follow us on Twitter  and tap into our
Lightning and Bitcoin research resources at . 

About Arcane Crypto

Arcane Crypto develops and invests in projects, focusing on bitcoin and digital
assets. A key area of focus is leveraging Bitcoin and lightning as a payment
rail to facilitate better cross border payments. Arcane is about to get listed
on Nasdaq First North in Stockholm, and the aim is to become a leading global
powerhouse of crypto through scale up of current businesses, new investments in
cutting edge projects and M&A. For more information, check out  and follow us on Twitter 

Stockholm 2020-09-07

För ytterligare information, vänligen kontakta:
Jonas Litborn, VD, Vertical Ventures AB (publ)

Följande dokument kan hämtas från beQuoted
Vertical Ventures Pressrelease

Kort information om Vertical Ventures AB (publ)

Vertical Ventures affärsidé är att genom egna projekt och aktivt delägarskap
driva projekt och bolag inom olika marknadsvertikaler inom lojalitet. 

Bolaget är noterat på Nasdaq First North Growth Market och Mangold
Fondkommission är Certified Adviser, tel. +46 8 5030 1550, E-mail; , . 

Vertical Ventures Pressrelease 2020-09-07.pdf