What does Rails do?
Rails is a Miami-based hybrid crypto exchange that functions as a perpetual trading platform. It integrates centralized order processing with on-chain custody, enabling fast order matching, real-time updates, and cryptographic verification of transactions using a Merkle tree system.
How much did they raise?
The company raised $14M in a funding round with no specific series designation. Investors included Slow Ventures, CMCC, Kraken, Round13, and Quantstamp, supporting the growth led by the co-founding team.
What are their plans for the money?
Rails plans to use the funds to expand its operations and accelerate development efforts. The investment is expected to enhance the platform’s scalability and reliability, potentially improving transaction privacy and settlement speed for users.
What have they achieved so far?
Rails has already achieved significant progress by developing a proprietary matching engine that processes orders in sub-milliseconds, provides real-time updates, and secures user funds on-chain via audited smart contracts.
