Overview
- CMT Digital led the $30 million round with participation from Kraken’s parent Payward, Arrington Capital, F‑Prime, BitRock Capital and Strobe Ventures.
- STS Digital, a Bermuda-regulated options market maker, offers spot, vanilla and exotic options plus structured products across more than 400 crypto assets.
- The company says it is profitable, employs nearly 50 people, serves clients such as the Uniswap Foundation, and tripled revenue from 2024 to 2025.
- Management will use the funding to expand spot and options infrastructure, deepen liquidity for volatile conditions, execute larger institutional trades, and hire staff.
- Leadership argues options provide stronger risk controls than perpetual futures as crypto options open interest sits near $40 billion with most activity on Deribit.