According to acrofan reports, OrBit Markets, an institutional liquidity provider for encrypted options and structured products, completed a $4.6 million angel round of financing, led by Matrixport, with participation from Brevan Howard Digital, New Form Capital, Maven 11 and Westridge Markets. The funds raised will be used In order to accelerate the development of the company's proprietary technology, while expanding the business. Foresight News noted that OrBit was founded by the leadership team of Deutsche Bank’s currency department and is headquartered in Singapore. It aims to build quantitative models and risk engines and cooperate with CeFi platforms and DeFi protocols to provide liquidity for encrypted options and other structured products.