Liquid Raises $7.6M Seed to Unite Hyperliquid, Lighter, and Ostium Perpetual Contract Platforms in a Non-Custodial App

Liquid, a crypto startup, has consolidated Hyperliquid, Lighter, and Ostium into a single non-custodial application that aggregates decentralized perpetual contracts. The integration aims to streamline cross-platform liquidity access and enhance risk management for professional and retail traders alike.

The company disclosed a seed round of $7.6 million, led by Paradigm with participation from General Catalyst and several angel investors, including Ashwin Ramachandran and Eric Wu. Liquid stated the round was issued as equity and closed in five days in March, with no disclosed post-money valuation.

Founder Franklyn Wang described the fundraising as a validation from top-tier backers, while outlining plans to advance non-custodial crypto derivatives trading capabilities. The capital will support deeper platform integration and security enhancements, aligning with demand for transparent liquidity in the evolving crypto landscape.