Axis

Axis is excited to announce a raise of $5 million, led by @galaxyhq, in order to bring institutional yield across USD, Bitcoin, and Gold. The digital asset market still lacks reliable, transparent ways to earn yield that work for both institutions and everyday users, in both bull and bear markets. Too many products depend on inflationary token incentives or singular strategies, making returns unsustainable and unpredictable. The solution? We're building a transparent return stream that is, by design, diversified delta-neutral and weather-resistant to market conditions. With a round led by Galaxy Ventures, and participation from @FalconXGlobal, @OKX_Ventures, @CMT_Digital, @Maven11Capital, @GSR_io, @cmsholdings, and @Marczeller of @AaveChan, Axis is taking a different approach. It's time to bring these quantitative institutional strategies onchain for all of you.

This week @JimmyXKF was featured in @Forbes While market structure debates continue, Axis is focused on generating market-neutral yield onchain. Dislocations are where the real opportunities are forming.

axis team cooking

If liquidity providers must commit more capital to provide the same service, the economics must adjust. This is the atomic settlement paradox: Technology makes trading faster, but the economics force liquidity to become more expensive. Markets don’t run purely on code. They run on balance sheets. Crypto needs to be ready to adapt, and Axis is building the liquidity infrastructure to get us there

Arbitrage ≠ Speculation It’s not just a trading strategy, but actual liquidity infrastructure. Elite quantitative firms run automated systems that capture fleeting price discrepancies across markets, generating delta-neutral returns that persist through bull and bear cycles. These returns come from market structure, not market direction. Bringing this to onchain markets is a structural upgrade to tokenized markets, providing high quality pricing and liquidity. This is the future of crypto, brought to you by Axis.

Read more here: axis.to/insights/the-a…

One of the most misunderstood features of legacy markets is netting. Delayed settlement isn’t operational lag, or a symptom of an outdated system. It’s actually embedded leverage inside the market structure. With netting, a liquidity provider can trade all day and settle only the net difference. That allows a single dollar to support multiples of daily volume. Atomic settlement removes netting and replaces it with gross settlement. Capital that once supported hundreds of dollars of trading volume now supports exactly one. Speed increases. But capital efficiency decreases. That means worse pricing and less liquidity for you. Learn more about how this will affect the future of trading, and how Axis is solving for it, in our article below.

Our smiles were big at the @galaxyhq and Axis Consensus brunch. Not just because it was a room full of brilliant minds engaging in necessary conversation about the future of settlement and liquidity infrastructure, and how onchain arbitrage will change the landscape of crypto. But also because it demonstrated that the incredibly hard work of our team is going to pay off. Execution is everything.

In fragmented markets, connectivity is the key advantage. Perfect access across venues and asset classes determines who can capture spreads before they disappear. Spending millions in R&D, Axis has built the fastest and widest connectivity systems in-house, to capture that alpha.

Full piece from @BillyBambrough below. forbes.com/sites/digital-…

Forbes tapped our COO @JimmyXKF for analysis on Bitcoin's key technical levels, as rate cut expectations collapse and the market sheds $100B+. When institutional flows are driving price action, understanding where capital actually accumulated matters more than watching leverage unwind in real time. Read more from @Forbes below. ↓

Price is theory. Settlement is reality. In a fragmented world, the only true alpha is execution.

@0xNairolf We think 2026 is the year.

im so bullish on consumer defi it hurts lol make it dead simple put it in real people hands improve their financial life low risk, actually useful and 100% leads to better perception of crypto wen?

Rare to see a deep dive that accurately captures the regulated hedge fund DNA behind Axis. We spent 7 years refining this engine before writing a single line of smart contract code. The core thesis is unpacked by @murtuza_merc at @Yellow_Network: • Most protocols need a bull market (speculative rates) • Axis just needs markets (price inefficiencies) We monetize the inherent structure of global trading.

@bidorder x.com/bidorder/statu…

In the rush to achieve T+0, what are we forgoing? The Atomic Settlement Paradox: When trades settle instantly, it costs market makers more to keep cash ready, leading them to charge higher fees and offer less liquidity. Axis Co-Founder/CEO @bidorder produced a deep dive here: x.com/bidorder/statu…

We saw this flaw coming. We've built an engine, not just a trade, over 8 years with millions in R&D. Most rely on lending or funding rates (bull market only). We monetize volatility and flows (any market). Our engine captures the full spectrum of delta-neutral alpha, not just the basis: • CEX-DEX Arbitrage • Cross-Exchange Spot • FX Arb We actually shared our full thesis in an article here: x.com/AxisFDN/status…

@AxisFDN What are you going to do differently?

Ethena fee switch could break the project. USDe is the product and ENA is the token. They have different roles. Right now, USDe is a great collateral because of its yield. That is its only competitive advantage. If you activate the fee switch to pump $ENA, you have to take that yield away from USDe. If USDe pays less than T-bills, @ResolvLabs (main competitor), or an Aave deposit, users will leave. Fewer users means less revenue, which leads to weak buybacks anyway. In fact, since the market started going down, the stablecoin supply has done the same, and it now pays less and is subject to unfavorable funding rates. The buyback math for 2026 is brutal: > Using just 20% of revenue for buybacks makes USDe yield lower than a stablecoin deposit on Aave. > Investor and team unlocks this year are massive. Even a 30% buyback wouldn't cover 1/3 of that inflation. @ethena team has been quiet since late 2025. We need updates on @convergeonchain and @etherealdex. They launched @hyenatrade on Hyperliquid, and it seems this got forgotten. So right now, there is no real incentive to hold $ENA. The hybrid model from @OAK_Res_EN is an interesting way forward. Use dynamic buybacks: buy when funding rates are high and there is a surplus, but stay protectionist when the market is cold. Don't kill the product to save the token. It looks like we’re entering a bear market, and I’m not sure they’ll be able to recover the token once it drops further. Even if the market cap goes lower, early investor trust will be gone. Funding rates don’t look favorable for Ethena right now, which makes things even harder for them. We'll see...

Capital is sitting on isolated platforms with no efficient paths to where trades actually need to settle. Funding rates tell the story: negative on some venues, spiking on others. Same market. Fractured liquidity. The Axis team breaks this down in The Block: theblock.co/post/388507/cr…

Co-hosting with our lead investor Galaxy, at Consensus HK this week. The conversations in this room will matter.

The walls are crumbling between TradFi and DeFi. It’s becoming finance. However, the missing infrastructure piece is unified liquidity across: • Digital Assets • FX • RWAs Axis: Liquidity infrastructure for global flows.