Friktion Labs, founded in 2021, has carved a niche in the competitive Blockchain and Crypto industries with its distinct focus on recruiting top talent from renowned firms. The company brings together a team of quantitative traders, researchers, and crypto engineers who have honed their expertise at institutions like Genesis Trading, Alameda Research, LedgerPrime, QCP Capital, CMS Holdings, Orthogonal Trading, and GSR.
The company's slogan, "Bringing together top-tier minds from leading trading and market-making firms, excelling in commodities, treasuries, volatility products, and crypto-assets," highlights its strategic approach in the crypto landscape.
Friktion Labs secured its last investment through a Seed Round on 22 January 2022 with funding from investor Jason Yanowitz. This infusion is pivotal for fueling their innovative ventures in derivatives trading and market-making activities in the crypto domain.