Seed · Fintech · London, United Kingdom · Founded 2022 · 10–25 employees
Rho Protocol is a decentralized platform focused on interest rate derivatives within the blockchain sector, providing products for trading and managing interest rate risks including trading options, futures hedging, and fixed rate staking. The company has raised a total of $6.2M across funding rounds, with the latest $4M seed round led by CoinFund and previous $2.2M pre-seed round led by Speedinvest. Founded by Alex Ryvkin, former CPO at Copper.co, the platform enables secure and transparent on-chain trading of both crypto-specific rates such as staking and funding rates, and traditional rates such as SOFR. The platform launched in November 2023 and has become the first on-chain venue on BitGo's Go Network, unlocking institutional-grade custody for crypto-native rates trading.