Tread.fi, an algorithmic encrypted trading platform founded by former Morgan Stanley employees, has completed a $3.50 million seed round financing. The funding was led by New Form Capital, with Aquanow, Varys Capital, GBV Capital, Thanefield Capital, and others participating. David Jeong, the founder and CEO of Tread.fi, stated that this financing round utilized a rolling Simple Agreement for Future Equity (SAFE) structure, laying the foundation for the next round of financing in the first quarter of 2025.

Odaily Planet Daily News: Algorithmic encrypted trading platform Tread.fi, founded by former Morgan Stanley employees, has completed a $3.50 million seed round of financing. The round was led by New Form Capital, with Aquanow, Varys Capital, GBV Capital, Thanefield Capital, and others participating. David Jeong, founder and CEO of Tread.fi and former Vice President of Quantitative Research at Morgan Stanley, declined to comment on the valuation but mentioned that this round of financing adopts the Simple Agreement for Future Equity (SAFE) structure with a symbolic letter attached, laying the foundation for the next round of financing in the first quarter of 2025.

Algorithmic trading platform Tread.fi completes a $3.50 million seed round financing.