Crypto Trading Infrastructure startup, Theo, has collected a round co-led by Hack VC and Anthos Capital of $ 20 million. Other participants included crypto-native businesses and individual investors affiliated with traditional trading companies such as Citadel, Jane Street and JPMorgan.

Theo develops a system that allows retail users to deposit digital assets in strategy -specific vaults, according to a press release shared with Coindesk. These vaults are designed to provide access to advanced trading strategies-Inclusive arbitrage, coverage and optimization of financing of chain chain-which is typically used by institutional players.

The platform works on a custom validator network that facilitates trade execution across both centralized and decentralized exchanges. It also enforces the requirements of margin and system -covering overcollateralization.

Start-up was founded by ex-properties and IMC quantum dealers Abhi Pingle, Arijit Pingle and TK Kwon. “Today’s crypto markets are fragmented and ineffective, preventing both institutions and everyday users from accessing the full promise of global, permitted -free financing,” said Abhi Pingle.

The press release notes that trading companies can use Theo’s infrastructure to improve capital efficiency by interacting with custom funds, potentially increasing returns while managing execution and risk.