Rails Secures $14 Million in Token Sale to Launch Trading Platform
Crypto exchange Rails has raised $14 million in a token sale to launch its trading platform that combines self-custody and high-speed execution.
- The company previously raised $6 million in a seed round that closed in January 2024.
- Investors include Kraken, Slow Ventures, CMCC Global, Quantstamp, and Round13 Capital.
- The platform aims to resolve the trade-off between speed and security in crypto trading.
- Users retain custody of assets while accessing performance typical of centralized exchanges.
- Rails will support major crypto assets and employ zero-knowledge proofs and Merkle trees for secure trade validation.
- The platform will operate on Kraken’s layer-2 network, Ink, enhancing transaction speed and reducing costs.