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§ Private Profile · Lehi, UT, USA
Builds on-chain leveraged structured products and operates BracketX.fi, a DeFi volatility market for crypto traders.
Founded around 2022 by Michael Wasyl and Pelli Wang, Bracket Labs is a decentralized finance organization operating from an undisclosed location that builds leveraged structured products and on-chain volatility markets. The company operates the BracketX decentralized platform, a specialized cryptocurrency trading interface designed to facilitate long and short volatility positions in both sideways and trending market conditions. In January 2024, the enterprise secured $2 million in pre-seed funding from nine international investors distributed across jurisdictions including the United States, Singapore, Malta, Vietnam, and the United Arab Emirates. To support its growing decentralized applications, the core executive team draws on prior institutional finance and blockchain engineering experience from recognizable firms including Bloomberg, Consensys, Barclays, and DE Shaw. The organization recently announced strategic plans for a new Passage product while emphasizing security and transparency across its technology stack.
Bracket Labs has raised $2.0M across 1 funding round.
Bracket Labs has raised $2.0M in total across 1 funding round.
Bracket Labs has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Pre-Seed in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2024 | $2M Pre Seed | Binance Labs | — | Announced |
Bracket Labs has raised $2.0M in total across 1 funding round.
Bracket Labs's investors include Binance Labs.