The firm plans to use the funds to expand into tokenised real-world asset markets.
Crypto derivatives protocol Variational has raised around US$50m in a Series A funding round led by Dragonfly with participation from Bain Capital Crypto and Coinbase Ventures. The funding comes alongside the launch of its first real-world asset (RWA) markets The company said the funding comes alongside the launch of its first real-world asset (RWA) markets, allowing traders to access perpetual contracts linked to commodities alongside crypto assets. The initial rollout includes gold, silve