System 9 Closes $5.7M Series A Funding Round to Expand Operations
LOS ANGELES, June 23, 2022 /PRNewswire/ -- System 9 Inc ("System 9"), a digital asset market-making firm focused on the alt-coin market announced today the closing of an equity financing round. Proceeds from the equity raise will be used to further scale the technology infrastructure & business operations supporting its proprietary market-making, and to expand its service offerings.
Equity investors include lead investor Capital6 Eagle (C6E), a venture firm focused on blockchain infrastructure. Additional investors include: Kronos Asset Management, C2 Ventures, Gate Ventures, Ascendex Ventures, as well as several well-established blockchain investors.
The System 9 team has deep experience and expertise across both the traditional finance and digital asset sectors.
Peter Sokolow is the Co-Founder and CEO of System 9. He began his career as a clerk on the floor of the Chicago Board of Trade (now Chicago Mercantile Exchange), before becoming a floor trader and Options Market Maker. He began trading and mining crypto currencies in 2011 ad has remained in the space, most recently founding System 9 in 2018.
Marc Orenstein, CFO of System 9, was previously CIO at Blockweather Holdings, a long/short volatility crypto fund. He also founded Observa Capital, a systematic long/short equity fund backed by an ex-Partner of Goldman Sachs, as well as being a portfolio manager at Davis Capital Management. His career began at Bear Stearns in Convertible Bonds, and at JP Morgan as a listed equity trader.
Joshua Baker, COO of System 9 co-founded Verd Steel, a material science research firm.
About System 9
System 9 is a digital asset market making firm providing software-based trading services to token issuers and digital asset exchanges to build liquidity, increase stability, and augment price discovery. With offices in the US, London, and Singapore, System 9 has achieved impressive growth over the past two years and is now servicing more than 80 clients.
For more information, visit: https://www.system9.io/
SOURCE System 9 Inc