STS Digital Raises $30 Million Strategic Round Led by CMT Digital and Payward to Expand Crypto Options Platform
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STS Digital has closed a $30 million strategic funding round led by CMT Digital, with participation from Payward, Strobe Ventures, Arrington Capital, F-Prime and BitRock Capital.
The company said the funds will be used to expand its institutional spot and options trading platform, increase market-making capacity, and strengthen its balance sheet and liquidity.
STS Digital is a regulated principal trading firm focused on digital asset derivatives and institutional market access. Clients can trade more than 400 tokens across spot, vanilla and exotic options, and structured products through a platform available via UI, API and voice. The firm operates under the oversight of the Bermuda Monetary Authority.
The funding comes as crypto options volumes grow, with institutional participants increasingly using derivatives for hedging and volatility management.
Gideon Hyams, chairman and co-founder of STS Digital, said the investment will support platform expansion and help meet institutional demand for pricing and execution services.
Maxime Seiler, chief executive officer and co-founder, said the partnership with new investors will support entry into additional markets and product expansion.
Sam Hallene, partner at CMT Digital, said the firm's liquidity position, risk management framework and regulatory status were key factors in the investment decision.
Arjun Sethi, chief executive officer of Payward, said the investment aligns with Payward's strategy to expand derivatives capabilities across its product suite, including Kraken.
STS Digital said the raise positions the firm to expand its role in institutional crypto derivatives markets.
Source: GlobeNewswire
