OKX Ventures Announces Investment in Web3 Innovative Trading App Blum

According to official news, OKX Ventures announced a seed round investment in innovative trading app Blum, which aims to create a trading experience connecting DEX and CEX for 90 million users. This round of financing was led by gumi Cryptos Capital, with participation from Spartan and No Limit Holdings. It also received continued investment from pre-seed backers YZi Labs and Top.co, as well as participation from well-known institutions such as Bitscale Capital and Wintermute. Currently, Blum has received a total of 5 million US dollars in pre-seed financing and seed round financing.
"This funding marks an important milestone for Blum as it will drive the development of our trading capabilities. We are very grateful to OKX Ventures and other backers for their confidence in us," said Gleb Kostarev, CEO and co-founder of Blum. "From day one, Blum has captured the attention of investors and users. Our approach to funding is not just securing funding; it is carefully selecting partners who have the expertise and resources to enhance the user experience."
Jeff Ren, partner at OKX Ventures, said: "We are delighted to invest in Blum, one of the largest Telegram Web3 communities. We will also partner with Blum through OKX Connect to attract more users. With this investment, we hope to once again demonstrate our willingness and determination to drive the growth of the Ton ecosystem."