Algorithmic crypto trading platform Tread.fi completes $3.5 million financing, led by New Form Capital

BlockBeats news, on July 11, The Block reported that Tread.fi, an algorithmic crypto trading platform founded by former Morgan Stanley employees, completed a $3.5 million seed round of financing. This round of financing was led by New Form Capital, and Aquanow, Varys Capital, GBV Capital, Thanefield Capital and others participated.

David Jeong, founder and CEO of Tread.fi and former vice president of quantitative research at Morgan Stanley, declined to comment on the valuation, but said that this round of financing adopted a rolling future equity simple agreement (SAFE) structure with a symbolic side letter, laying the foundation for the next round of financing in the first quarter of 2025.