Auros, a crypto-native algorithmic trading and market making firm that operates in New York and Hong Kong, has raised $17 million in its latest funding round.
The fundraising was led by global high-frequency trading firm Vivienne Court, with participation from Bit Digital Inc, Trovio, Epoch Capital, Primal Capital, and a consortium of senior alumni from market-making giant Optiver.
Auros plans to use the investment to continue scaling its derivatives solutions business and expanding its core HFT arbitrage and relative value strategies. The firm aims to create healthy, liquid markets for all of its partners in the web3 ecosystem.
“This strategic partnership with VivCourt and Bit Digital will place Auros in a strong position to build upon our best-in-class market-making offering,” said Ben Roth, co-founder, and chief investments officer of Auros. Marcel Klooss, co-founder of Vivienne Court, and Hughes Ching, co-founder of Bit Digital Inc., will now join Auros’ Board of Directors.
Auros is known for its unique partnership-based approach to external liquidity provision, establishing the firm as a go-to market maker for token projects and exchanges while fostering sustainable growth in the digital assets industry.
Its proprietary technology stack is designed for trading and market making of digital assets, with billions of dollars in daily notional turnover across dozens of centralized and decentralized trading venues.
The company’s team of experts has decades of trading and technology development experience across digital assets, derivatives trading, and structuring, allowing them to develop creative solutions for partners through their derivatives solutions offering.
Auros is considered a strategic market-making partner for dozens of web3 projects and a leading liquidity provider to more than 30 major centralized and decentralized cryptocurrency trading venues, covering thousands of individual instruments.
The firm’s latest fundraising brings it a step closer to redefining liquidity provision and fostering sustainable growth in the digital assets industry.