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

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 Fortune.

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.

From Perp Aggregator to Multi-Asset Platform

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.

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.

Institutional Demand Driving Always-On Liquidity

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.

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.

Sources:
Fortune – Liquid raises $18 million Series A for leveraged trading across stocks, crypto and commodities
The Block – Paradigm leads $7.6 million seed funding round for perp DEX aggregator Liquid