Crypto trading platform Rails completes $14 million token financing

Crypto trading platform Rails has completed a $14 million token funding round, led by Slow Ventures, with participation from Kraken and CMCC Global. The platform will launch a hybrid trading model that supports both on-chain self-custody and centralized trading speeds, using zero-knowledge proofs and Merkle tree verification for transactions, deployed on Kraken's Layer 2 network Ink. Rails previously completed a $6 million seed round in January. (CoinDesk)