Sphinx Protocol raised $2M in a Pre-seed funding round

June 23, 2025
PRESS RELEASE*

Institutional on-chain commodities exchange Sphinx Protocol raised $2M in a Pre-seed funding round led by Eckhardt Capital, with participation from Big Brain Holdings, Blockchain Founders Fund (BFF), Blizzard, TRIVE Ventures, Cosmos Hub, London Real Ventures, GS Futures, Andrew Durgee, Stefan Rust, Zachary Keats.

Sphinx is the first institutional-grade commodity derivatives exchange built on its own permissioned Layer 1 blockchain. It provides 24/7 direct access to futures, options, and perpetual swaps across oil, gas, and other energy commodities — enabling atomic settlement, 10x lower trading fees, and a 28% increase in capital efficiency. By removing friction in order matching, execution, clearing, settlement, trade netting, and cross-asset margining, Sphinx reduces back-office costs by 50% while boosting speed and liquidity. Designed for seamless institutional integration, Sphinx is the future of financial exchange infrastructure.

You can find all funding rounds, links, and details on the project page Sphinx Protocol

*Disclaimer: The information presented in this article is provided by the project itself and does not reflect the opinions or positions of our editorial team. Our team has not independently verified the details, and this content should not be considered as an endorsement or investment advice. Readers are encouraged to conduct their own research before making any investment decisions.