blockchain

Backed by major venture and crypto investors, Ostium aims to merge digital assets with real-world markets and expand its Perpetuals platform globally.

A crypto startup founded by two Harvard graduates has raised $20 million to accelerate its push into the fast-growing market for perpetual futures, a derivative that has surged in popularity among digital-asset traders worldwide. Ostium, a decentralized exchange launched in 2022, secured the Series A funding in a round led by General Catalyst and Jump Crypto, the digital-assets arm of quantitative trading firm Jump Trading.

The raise marks a major step forward for the young platform, which allows …