Galaxy Digital has led a $20m Series A funding round in Skolem Technologies, according to a report by CoinDesk.

Point72 Ventures, Jump Crypto, Fenwick & West, Morpheus Ventures, and Dragonfly Capital, also participated in the round.

Skolem, a provider data and trade execution services for decentralised financial markets, will use the capital to grow its team, and increase the platform’s capabilities.