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Axis Raises $5 Million as $100 Million Beta Tests Market‑Neutral Yield Protocol

The oversubscribed round backs a delta‑neutral arbitrage engine reporting high risk‑adjusted returns that will debut with USDx under onchain verification.

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Overview

  • Galaxy Ventures led the $5 million private round, with participation from OKX Ventures, FalconX, GSR, Maven 11, CMS Holdings, CMT Digital, and Aave Chan Initiative’s Marc Zeller.
  • $100 million from existing limited partners is deployed in a closed beta to stress‑test Axis’s arbitrage engine, which the team reports achieved a 4.9 Sharpe ratio.
  • The first product is USDx, a dollar‑linked asset designed to earn yield via market‑neutral arbitrage, with bitcoin‑ and gold‑based offerings planned to follow.
  • Axis plans to open an Origin Vault in Q1 2026 targeting up to $1 billion in deposits, then conduct a public token sale before a full protocol launch.
  • The platform will operate on Ethereum and Plasma, with Veda providing vault infrastructure and custody, Accountable offering independent verification, and Chainlink supplying Proof of Reserves and data feeds.