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According to Techfunding News, cryptocurrency high-frequency trading company LO:TECH has completed a $12 million Series A financing round, led by MMC, with participation from Faction, 13 Books Capital, and new investor Atka. The company plans to use the funding to expand into the New York and Singapore markets and further develop trading execution services in traditional finance, digital assets, and prediction markets.LO:TECH was founded by Tim Meggs, Marcus Horsley, and Alex Williams, focusing on high-frequency trading and liquidity provision, capable of executing tens of thousands of trades per second. The company's business includes proprietary trading, market data distribution, and trading technology services, and it has obtained a data distributor license from Kalshi.

ChainCatcher news, the digital asset high-frequency trading company ABEX, headquartered in London, UK, announced the completion of a $6 million financing round, led by MMC Ventures. The new funds are intended for the launch of derivative trading and algorithmic execution solutions to enhance trading execution efficiency in both centralized and decentralized financial venues.The company is registered with the Financial Conduct Authority (FCA) in the UK, allowing it to engage in cryptocurrency trading activities.