System 9
Specializes in blockchain, crypto, cryptocurrency, algorithms, software and data science services.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $5.7m | Series A | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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System 9 operates as a specialized software development and market-making firm focused on the digital asset sector. Founded in 2018, the company is headquartered in Los Angeles, California, and provides services to crypto projects and institutional clients. The leadership team includes Peter Sokolow as Chief Executive Officer, Noah Dahlman as Chief Technology Officer, Ken Stein as Chief Legal Officer, and Minesh Makwana as Head of Trading. The firm has successfully raised $5.7 million in capital over two funding rounds, with its latest Series A round completed on June 23, 2022. Investors include AscendEX, Capital6 Eagle, C Squared Ventures, Gate Ventures, and Kronos Asset Management.
The company's business model is centered on providing quantitative, bespoke market-making services and proprietary trading strategies for both retail and institutional exchanges. System 9's core services are designed to enhance market efficiency and stability for token issuers. One of its primary offerings is Liquidity Provisioning, where it uses quantitative analysis of proprietary trading data to offer liquidity solutions and provides guidance to projects on market growth. Another key service is LP Arbitrage, which employs proprietary technology to identify and act on market inefficiencies across various exchanges, thereby improving liquidity.
Additionally, System 9 offers Treasury Management services for token issuers. This service assists issuers in liquidating their tokens with minimal disruption to market stability by assessing the market and current liquidity to determine optimal selling strategies. The company's target clients are token issuers and organizations within the crypto ecosystem that require enhanced liquidity, price discovery, and market stability for their digital assets. By building liquidity, System 9 aims to reduce friction in transactions and create a positive feedback loop for underlying blockchain currencies, making them more stable and opening up new use cases.
Keywords: digital asset market maker, crypto liquidity provider, quantitative trading, proprietary trading strategies, treasury management for crypto, token issuer services, crypto market stability, LP arbitrage, institutional crypto services, digital asset software, blockchain finance, cryptocurrency trading, financial technology, DeFi services, algorithmic trading, crypto market making, token liquidity, institutional digital assets, crypto capital markets, asset management crypto
