DeFi Trading Platform Aurox Seeking Funding at $75M Valuation

Krisztian Sandor Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH. Follow @ sndr_krisztian on Twitter Decentralized finance (DeFi) trading platform Aurox Holdings is looking to raise new capital at a $75 million valuation, according to the firm’s fundraising dashboard on tokenized securities venue tZERO. The firm confirmed the valuation. Aurox is seeking to raise up to $1 million by selling common shares to investors, with a minimum investment of only $252 to target retail investors. The target date to close the round is March 15. The firm set a $6 price per share in the company and offered 169,000 shares for sale, based on a document filed to the U.S. Securities and Exchange Commission and reviewed by CoinDesk. Aurox conducts the raise on tZERO under the SEC’s Regulation Crowdfunding ( Reg CF ) legal framework that allows eligible companies to raise up to $5 million by selling securities over a 12-month period. TZERO is a regulated crowdfunding platform that aims to democratize private capital markets, backed by the New York Stock Exchange parent Intercontinental Exchange Inc. (ICE) among other investors. Aurox launched an all-in-one trading platform called Aurox Terminal in 2020 that integrates more than 50 exchanges and now has 70,000 users and $1 billion of trading volume, the firm said on its fundraising site. It also has a crypto wallet product and crafted its own DeFi smart contract protocol and native ecosystem token, URUS . The company raised $5 million in a previous fundraising round in early 2022. It plans to go public later this year, according to the firm's description on tZERO. The Aurox fundraising happens as digital asset firms face a challenging landscape to secure capital investment. In January, venture capital and other investments into crypto firms plunged 91% on a year-over-year basis. However, investments in DeFi infrastructure declined by less than other sectors, CoinDesk reported last week. DISCLOSURE Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated . The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups . As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG . Krisztian Sandor Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH. Follow @ sndr_krisztian on Twitter Learn more about Consensus 2023 , CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now. Krisztian Sandor Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH. Follow @ sndr_krisztian on Twitter