LO:TECH's $12M Series A funds U.S. and Asia expansion
A London crypto market maker raised $12 million to expand, but says it will offer no regulated services before approval.
LO:TECH, a London crypto market maker, raised a $12 million Series A led by MMC, CoinDesk reported on Nov. 3, 2026. The money funds New York and Singapore presences. The firm says it will offer no regulated services before approval, has named no jurisdiction for its application, and is still exploring U.S. licences.
The Ledger Desk · 3 min read- LO:TECH raised a $12 million Series A led by MMC, with Faction, 13 Books Capital and Atka participating, CoinDesk reported on Nov. 3, 2026.
- The company told CoinDesk that what went live on Nov. 2 falls within its existing activities, which it identified as proprietary trading and liquidity provision in digital asset markets.
- LO:TECH told CoinDesk it will not offer regulated services before approval. It has not named a jurisdiction for its application and is still exploring U.S. licences.
- Scale figures are company-supplied and unverified: LO:TECH says it has more than 50 institutional clients and monthly volumes in the billions, but declined to disclose exact volumes or client names.
- Counterparties should ask which entity, in which jurisdiction, stands behind each service, because the application's jurisdiction is undisclosed.
LO:TECH, a London crypto market maker, has raised a $12 million Series A led by MMC, CoinDesk reported on Nov. 3, 2026. The money is meant to carry the firm into the U.S. and Asia-Pacific, with planned presences in New York and Singapore. The more useful detail is the boundary the company drew itself: it will offer no regulated services before approval, and it has not said where it is applying.
Who backed the round
CoinDesk names MMC as lead and says Faction and 13 Books Capital, both existing investors, also took part, along with Atka, which it does not describe as an existing backer. LO:TECH's August 2025 release says 13books Capital led its $5 million seed round. Per the company's own release, revenue has tripled and headcount has doubled since that round, though it gave no absolute revenue figure.
What launched on Nov. 2 and what did not
The company's announcement described execution services spanning traditional, digital and prediction markets, launching Nov. 2. LO:TECH told CoinDesk the launch is narrower: what goes live falls within its existing activities, which it identified as proprietary trading and liquidity provision in digital asset markets. A separate regulatory application is being prepared, with no jurisdiction named, and U.S. licences are still being explored.
Company-supplied scale claims
LO:TECH says it makes markets on Hyperliquid, Binance, Bybit and OKX, serves more than 50 institutional clients across market making, market data and execution, and trades monthly volumes in the billions. It declined to disclose exact volumes, client names, or how it prices and hedges positions. These figures come from the company and have no independent confirmation in the cited material, so they describe positioning, not measured scale.
Tokenized stocks and what to watch
LO:TECH says it wants to provide liquidity and execution across digital assets and tokenized traditional assets, and CoinDesk reports it is betting on round-the-clock tokenized stock trading. CoinDesk also cites an Oct. 20 World Federation of Exchanges study finding that traditional exchanges remain the main source of price discovery for third-party tokenized stocks. The open items are which regulator receives the application and whether the firm trades tokenized stocks today.
- How much did LO:TECH raise and who led the round?
- CoinDesk reported on Nov. 3, 2026 that LO:TECH raised $12 million in a Series A led by MMC. Faction and 13 Books Capital, described as existing investors, took part, as did Atka, which CoinDesk does not describe as an existing investor.
- Is LO:TECH licensed for the new markets it is entering?
- The sources do not say. LO:TECH told CoinDesk it is preparing a regulatory application without naming a jurisdiction, is still exploring U.S. licences, and will not offer regulated services before approval.
- What does LO:TECH say about its scale?
- According to its own release as reported by CoinDesk, LO:TECH serves more than 50 institutional clients and trades monthly volumes in the billions. It also says revenue has tripled and headcount has doubled since August 2025. It declined to disclose exact volumes or client names, so these claims are unverified.