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A former Grindr executive and a married couple have launched Rails, a new platform aimed at providing a decentralized alternative to FTX, with a $6.2M round in seed funding. The announcement was highlighted in TechCrunch, with contributions from the Rails team on how the platform will enable users to trade crypto derivatives while ensuring self-custody of their assets. Rails aims to address the gap left by FTX, focusing on transparent self-custody to protect users' funds. The funding round has garnered support from various entities, emphasizing the platform's potential in the cryptocurrency market.
Proud to support Rails as they announce the close of their $6.2M seed round in TechCrunch today! Rails is closing the gap that FTX left behind and focusing on transparent self-custody to protect users’ funds. https://t.co/tmYVWkjxwM
Former Grindr exec and a married couple launch Rails with $6.2M round to become a decentralized FTX alternative https://t.co/z78mH1F4wZ
Congrats to the @TarsalHQ team on the $6M seed! Tarsal (YC S21) is the security data movement company, providing teams with a powerful platform to run security analytics on top of the modern data stack. https://t.co/iUcME6CZ3v
