ARCANE CRYPTO INVESTERAR I LN MARKETS

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 Markets.

"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 Crypto.

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 Ventures

PARIS, France, September 8 2020 8:45AM CET
LN Markets https://lnmarkets.com/ , 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 https://www.arcane.no/ , which
develops and invests in projects focusing on bitcoin and digital assets, and
Fulgur Ventures https://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
https://lnmarkets.com/  is developed by IT https://ito.am/ , 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 bitcoin."

"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 Ventures.

For more information, check
out LN Markets https://lnmarkets.com/ , subscribe to our newsletter
https://lnmarkets.substack.com/  and follow us on Twitter
https://twitter.com/LNMarkets .

##

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
https://ito.am/

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 www.bitfinex.com http://www.bitfinex.com  to learn more.

Media
Contact for Bitfinex

Joe Morgan - Senior Public Relations
Manager

joe.morgan@bitfinex.com mailto:joe.morgan@bitfinex.com

About Fulgur
Ventures

We invest in early stage startups focused on Bitcoin and the
Lightning Network. Follow us on Twitter https://twitter.com/fulgurventures  and
tap into our Lightning and Bitcoin research resources at fulgur.ventures
https://fulgur.ventures/ .

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 arcane.no
https://www.arcane.no/  and follow us on Twitter
https://twitter.com/Arcane_Crypto

Stockholm 2020-09-07

För ytterligare
information, vänligen kontakta:
Jonas Litborn, VD, Vertical Ventures AB
(publ)
E-post: info@verticalventures.se
mailto:info@verticalventures.se
Hemsida: http://investor.verticalventures.se
http://investor.verticalventures.se

Följande dokument kan hämtas från
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2020-09-07.pdf-http://www.bequoted.com/beQPress/download.asp?Id=40227

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