🔵On-chain Commodity Derivatives Exchange Sphinx Completes $2.00 Million Pre-seed Funding Round

DeThings, June 24th. According to official sources, Sphinx, an institutional-grade on-chain commodity derivatives exchange, has announced the completion of a $2.00 million pre-seed funding round led by Eckhardt Capital, with participation from Big Brain Holdings, Blockchain Founders Fund, Blizzard, TRIVE Ventures, Cosmos Hub, London Real Ventures, GS Futures, as well as Andrew Durgee, Stefan Rust, Zachary Keats, and others.

Sphinx is described as an institutional-grade commodity derivatives exchange based on its own permissioned Layer 1 blockchain. It provides 24/7 direct access to futures, options, and perpetual contracts for oil, natural gas, and other energy commodities.