Vega completes $5 million seed round financing from Pantera Capital to develop a decentralized derivatives market

Vega, a startup focused on the decentralized derivatives market, announced that it has completed more than $5 million in seed round financing, led by Pantera Capital, and other investors include NGC Ventures, Xpring, Hashed, and Gumi Cryptos Capital. Vega aims to design and implement secure, unmanaged decentralized margin trading agreements. With Vega's software, traders can participate in a market that is “open access, transparent rules, innovative and free peer-to-peer networks”. Paul Veradittakit, a partner at Pantera Capital, said Vega has the potential to deconstruct and transform existing financial landscapes by decentralizing margin trading products.