Kemet Announces $5 Million in Funding and Surpassing $1 Billion in Notional Trading Volume

Kemet Trading
3 min readMar 19, 2024

New York, March 19, 2024 — Kemet Financial Technologies Inc. (“Kemet” or “the Company”), the leading provider of institutional-grade infrastructure for digital asset derivative trading, today announced the successful close of a $5 million financing round. The round was led by Further Ventures, an institutional focused VC firm backed by Abu Dhabi SWF and Mastercard. This investment signifies a major vote of confidence in Kemet’s innovative approach to digital asset trading and its potential to transform the market.

Joining the round were several key strategic investors from the digital asset trading and infrastructure sectors, including QCP, FalconX, Deribit, Hyperithm and continued backing from Csquared Ventures. Existing investors include Flow Traders and BECO capital. This coalition of market leaders underscores the industry’s recognition of Kemet’s cutting-edge technology and its role in shaping the future of digital asset trading.

The infusion of capital will enable Kemet’s dedicated team to concentrate on the development of unparalleled order execution and portfolio management tools, solidifying its position as the industry’s top solution for digital asset derivative trading. Notably, the company recently surpassed $1 Billion in trading volume through its platform.

Commenting on the investment, Kemet’s CEO, Ash Ashmawy, said, “This financing is a pivotal moment for Kemet. It allows us to accelerate our mission of providing the most efficient and comprehensive trading and risk management solutions to our clients. With the backing of Further Ventures and our new partners, we’re poised to redefine what’s possible in the digital asset space.”

Mohamed Hamdy, Managing Partner of Further Ventures, added, “Kemet represents exactly the kind of innovative and transformative approach to digital finance that we look to support. Their technology has the potential to not only enhance the trading capabilities of institutional players but also to bring greater liquidity and stability to the digital asset markets. We are excited to be part of Kemet’s journey and to witness the impact of their technology on the industry.”

Luuk Strijers, Chief Commercial Officer at Deribit, commented, “We believe Kemet’s offering and the team’s swift delivery is very impressive. Their advanced options capabilities are well received within our institutional client base and the team’s ongoing focus on institutional needs resonates with our growth strategy, ensuring alignment between our platforms. We look forward to a fruitful collaboration, driven by our mutual commitment to excellence and innovation in the financial technology space.”

For more information about Kemet and its offerings, please visit kemettrading.com.

About Kemet:
Kemet Financial Technologies Inc. (“Kemet Trading”) provides the first true institutional-grade single access point for digital asset derivatives trading; optimizing access to liquidity, data, trade execution and post-trade workflows. Our offering allows firms to access the best liquidity venues across CeFi, OTC and DeFi, leverage state-of-the-art algorithms for best order execution and manage exposure risk in real-time.

Contact:
For sales inquiries please contact sales@kemettrading.com
For any other inquiries please contact info@kemettrading.com
To learn more, please visit https://kemettrading.com.

This communication is for informational purposes only, and does not constitute a recommendation, investment, or legal advice. Readers should consult their investment, fiduciary, and/or legal advisors for guidance in making investment or business decisions.

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Kemet Trading

Institutional-grade infrastructure for digital asset derivatives trading; optimizing access to liquidity, data, trade execution and post-trade workflows.