Altonomy, a crypto trading desk and market maker, has raised $7 million in a seed financing round that was led by Polychain Capital. The company, based in Singapore and with offices in New York and Shenzhen, offers its services to over 60 exchanges, 350 institutional clients and supports over 250 digital assets. Announcing the successful funding round via a press release, the company also revealed that 7 Blocks, the Singaporean investment firm, participated in the round. It will use the latest capital infusion to enhance its relationships with other market participants so as to “continue to help clients extract value from this maturing asset class,” the co-founder, Bo Dong stated. Altonomy has been providing liquidity for its customers regardless of their order size, and with the capital infusion, it will better its services, Ricky Li, another co-founder stated. Li, who is head of the North American region at the firm, stated: "We are proud of our ability to source liquidity for customers, regardless of token type, order size, market cap, or whether the asset trades on centralized or decentralized exchanges. We are the ideal partner to help investors navigate these primary and secondary markets, so they can harvest returns that are uncorrelated with the broader financial markets." Altonomy provides its services to several renowned market players other than the CME Group. It’s the top-tier market maker for Huobi and many other leading exchanges as well as for stablecoins such as USD Coin, Paxos Standard, Tether and TrueUSD. The company has also recently ventured into other areas in the crypto market, with its latest venture being the launch of AltMiner, a cloud mining product that targets institutions. The company touts AltMiner as being able to combine low electricity costs, a secure hosting site and the newest generation of miners so as to maximize profits. For Polychain Capital, the decision to invest in Altonomy was an easy one, as it has been using the company’s service for quite some time now. Polychain is one of the most prolific VC firms in the industry, with a recent study naming it the seventh-largest investor in the industry. Polychain CEO and founder Olaf Carlson-Wee stated, "As a long-time user of Altonomy's trading services, it was an easy decision for us to invest in their business when the opportunity became available. Altonomy provides much needed intelligent trade execution as well as other institutional-grade financial services to the crypto market for a wide variety of verticals. Combining this with exceptional management and a global footprint across the U.S. and Asia, Altonomy is well-positioned for further success."