Decentralized perpetual contract exchange Vest completes $5 million financing, with participation from Jane Street and others

ChainCatcher news, according to official news from Vest, Vest has announced the completion of a $5 million financing round to build The Universal Risk Engine. This round of financing was led by institutions such as Jane Street, Selini Capital, Amber Group, QCP, Big Brain Holdings, and Mozaik Capital, with executives from financial giants like BlackRock and Citadel participating.

Vest replaces the fragmented individual risk assessment needs by providing a verifiable and neutral framework. Financial participants no longer need to rely on trust, but can use a shared and objective risk model that can dynamically adjust based on market conditions.