CoinDCX Ventures Strategically Invests in Orderly Network

According to The Block, Orderly Network, the NEAR ecological decentralized trading protocol, completed a round of financing from CoinDCX Ventures in a strategic investment round. The specific financing amount has not yet been disclosed. Arjun Arora, Chief Operating Officer of Orderly Network, said the financing was achieved through a Simple Agreement for Future Tokens (SAFT) at a valuation of $200 million, and that Orderly acquired from Nomura’s crypto subsidiary Laser Digital in November 2022. The valuation was the same when the money was raised. In June 2022, Orderly Network completed a strategic financing of US$20 million. Investors include Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Markets, MetaWeb.VC, Foresight Ventures, SevenX, IOSG, Cobo Ventures and some strategic partners, etc. Orderly Network was established in April 2022, incubated by NEAR and WOO Network, and uses an on-chain order book to provide a platform equipped with a risk engine, a matching engine, and a shared asset pool for DApps to build.