The perpetual contract trading protocol Lighter has completed a $68 million financing round, led by Founders Fund and Ribbit Capital

According to Fortune, the perpetual contract trading protocol Lighter has announced the completion of a new funding round of $68 million.

Lighter's founder and CEO, 40-year-old Vladimir Novakovski, stated that this round of financing was led by Peter Thiel's Founders Fund and fintech investor Ribbit Capital, with participation from Haun Ventures and online brokerage Robinhood (the latter rarely participates in venture capital).

According to insiders, this round of financing has pushed Lighter's valuation to approximately $1.5 billion. Novakovski declined to disclose valuation details but mentioned that this round includes equity and token subscription rights.