Skolem Labs

About Skolem Labs

Skolem Labs, established in 2020 by founder and CEO JP Smith, provides an institutional-grade asset management and execution services platform for decentralized finance (DeFi). Smith, formerly of Trail of Bits, founded the company to address the difficulties institutions face when trying to securely and reliably trade, record, and engage with the constantly evolving DeFi markets.

The company operates as a full-stack DeFi platform, catering specifically to institutional investors. Skolem's business model revolves around providing the necessary infrastructure for these institutions to participate directly in DeFi without needing to significantly expand their technical teams or increase portfolio risk. In June 2022, the firm secured a significant milestone with a $20 million Series A funding round. This investment was led by Galaxy Digital and saw participation from prominent names such as Point72 Ventures, Jump Crypto, and Dragonfly Capital. The capital was intended to expand the team and scale the platform's technological capabilities.

Skolem's core offering is a platform that delivers data and trade execution services for decentralized financial markets. It features reliable execution, a user-friendly web interface and API, and comprehensive trade lifecycle support. The platform's data infrastructure allows for real-time streaming of prices and on-chain metrics, while its execution technology includes pre-transaction simulations, configurable alerts, and order automation. In May 2024, Skolem was acquired by Talos, a provider of institutional trading technology for digital assets, in a move to integrate DeFi capabilities into Talos's existing platforms.