Qube backs Tread.fi after $100B in crypto trading volume
What's the deal? Qube Research & TechnologiesDealroom has a profile for this one. Try Dealroom → has invested in Tread.fiDealroom has a profile for this one. Try Dealroom →, a provider of algorithmic trading and execution technology, as the London-based quantitative hedge fund expands its digital asset business. Neither party disclosed the size of the investment.
What does Tread.fi do? It routes orders across centralized exchanges, decentralized perpetual exchanges, and on-chain protocols. The company has processed more than $100 billion in trading volume, according to chief executive officer David Jeong — about 30% on DeFi platforms such as HyperliquidDealroom has a profile for this one. Try Dealroom →.
Why now? QRT was a Tread.fi user before it became an investor. A QRT representative said Tread.fi is helping define "the next generation of infrastructure" for firms navigating an "increasingly fragmented liquidity landscape."
What's the endgame? QRT is hiring quantitative researchers and traders focused on crypto, with postings listing DeFi experience among the qualifications. It is also evaluating external crypto fund managers for separately managed accounts.
The backdrop: Spun out of Credit Suisse, QRT is a large multistrategy manager known for quant trades. In crypto, it runs MoebiusDealroom has a profile for this one. Try Dealroom →, a hedge fund with more than $1 billion under management, with strategies including arbitraging price differences across exchanges.
The signal: QRT said the deal reflects a broader institutionalization of the industry, with firms demanding higher standards around execution, control, and operational resilience as trading spreads across fragmented centralized and on-chain markets.
Read more: tokenpost.com, Bloomberg
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