LO:TECH secures funding for expansion and broader market execution services
CoinDesk reports London-based crypto market maker LO:TECH raised 12 million dollars in a Series A led by MMC, with Faction, 13 Books Capital and Atka also participating, to establish a presence in New York and Singapore. The firm also announced execution services spanning traditional, digital and prediction markets, while telling CoinDesk it will not offer regulated services until approved.
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According to CoinDesk, London-based crypto market maker LO:TECH has raised 12 million dollars in a Series A led by MMC. Faction, 13 Books Capital and Atka also participated.
The funding is intended to support the firm’s establishment of a presence in New York and Singapore, extending its geographic footprint into the United States and Asia.
Execution plans reach prediction markets
LO:TECH also announced execution services covering traditional, digital and prediction markets, according to CoinDesk. The announcement puts prediction markets within the scope of its broader trading-services plans.
That scope is distinct from authorization to provide regulated services. LO:TECH told CoinDesk it will not offer those services until it has received approval.
What it means for prediction markets
A planned execution offering: Prediction markets are explicitly included in LO:TECH’s announced services, alongside traditional and digital markets.
Approval remains a condition: The funding announcement does not establish that regulated services are available; the firm says it will wait for approval.
Expansion is the stated use of funding: New York and Singapore are the locations identified for establishing a presence, rather than evidence of completed market entry.