Liquid

Polymarket

Hyperliquid

<p>Liquid has closed an $18 million Series A round, arriving less than six months after a $7.6 million seed raise led by crypto venture firm Paradigm. The new round was co-led by Neo and Left Lane Capital, with Haun Ventures, K5 Global, SV Angel, AntiFund, and Sunflower Capital also participating, according to <a href="https://fortune.com/2026/04/28/liquid-18-million-leveraged-trading/" rel="noopener noreferrer nofollow">Fortune</a>.</p>
<p>The fresh capital will be deployed to scale infrastructure for Liquid's 24/7 multi-asset trading platform, which offers continuous access to digital assets, equities, and commodities — bridging the gap between traditional market hours and the instant-settlement capabilities native to blockchain technology.</p>
<h2 id="from-perp-aggregator-to-multi-asset-platform">From Perp Aggregator to Multi-Asset Platform</h2>
<p>Liquid was founded by Franklyn Wang, a Harvard graduate and former quantitative researcher at Two Sigma, who left to build a crypto exchange. The app originally launched as a perpetual futures aggregator before expanding into a broader range of asset classes. Wang is 25 years old, making the raise one of the more closely watched early-stage rounds in crypto this cycle.</p>
<p>The platform's evolution reflects a broader shift in the market. Traders are increasingly turning to crypto-native venues — such as Hyperliquid for weekend commodity trading and Polymarket for geopolitical prediction markets — to access instruments that traditional finance keeps behind fixed hours and settlement delays. Liquid is positioning itself as the unified interface for this convergence.</p>
<h2 id="institutional-demand-driving-always-on-liquidity">Institutional Demand Driving Always-On Liquidity</h2>
<p>The raise comes against a backdrop of growing institutional appetite for round-the-clock market access. The core friction Liquid aims to resolve is structural: traditional finance operates on fixed schedules and T+1 or longer settlement cycles, while blockchain-native systems offer near-instant finality and continuous availability. As more institutions look to incorporate digital assets into portfolio frameworks, demand for infrastructure that unifies these worlds is accelerating.</p>
<p>With Paradigm's continued involvement and a strong syndicate behind the Series A, Liquid enters its next growth phase with both capital and strategic backing to expand its platform and deepen liquidity across asset classes.</p>
<p><strong>Sources:</strong><br><a href="https://fortune.com/2026/04/28/liquid-18-million-leveraged-trading/" rel="noopener noreferrer nofollow">Fortune – Liquid raises $18 million Series A for leveraged trading across stocks, crypto and commodities</a><br><a href="https://www.theblock.co/post/377341/paradigm-leads-funding-perp-dex-aggregator-liquid" rel="noopener noreferrer nofollow">The Block – Paradigm leads $7.6 million seed funding round for perp DEX aggregator Liquid</a></p>

Paradigm-Backed Liquid Secures $18m To Scale 24/7 Multi-Asset Trading

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