DeFi startup Cascade raised $15 million in a seed round led by Polychain and Variant to launch a neo-brokerage supporting 24/7 perpetual trading across crypto, tokenized stocks, and real-world commodities.

DeFi startup Cascade has raised $15 million in seed funding to build an always-on “neo-brokerage” that offers 24/7 perpetuals trading across crypto, tokenized U.S. equities, and other real‑world assets such as private-company shares and commodities. The round was led by Polychain Capital and Variant, with participation from other crypto-native investors including Coinbase Ventures and Archetype. Cascade is positioning itself as a brokerage-style app that feels familiar to mainstream retail traders but is powered by a derivatives-first, crypto-native execution and settlement stack designed for continuous markets. The core of Cascade’s product is a unified margin account that lets users post collateral once and gain synthetic exposure to multiple asset classes via perpetual futures, including cryptocurrencies, major U.S. stocks, private companies such as OpenAI, SpaceX, and Stripe, and other real-world assets. Users will be able to move U.S. dollars directly in and out via linked bank accounts, trade from a single account, borrow and lend against their portfolios, and keep positions open around the clock. The platform is currently invite-only, with an early “First Wave”/CLS pre-launch phase for selected depositors, and plans to go broader to the public with more than ten perpetual markets initially and a gradual expansion of listings, tentatively from early 2026 onwards. This funding round highlights ongoing investor interest in synthetic, derivatives-based access to real-world assets and equities via crypto infrastructure, even as tokenization and RWA narratives mature. Cascade’s approach contrasts with traditional brokerages that are constrained by market hours and legacy clearing, by instead offering an always-on, perp-first model for omnichannel exposure under one interface. For regulators and market observers, it underscores the growing gray zone where DeFi-style perpetuals infrastructure is used to replicate exposure to regulated securities and private equity, raising questions about jurisdiction, compliance, and how such platforms are classified. "entities":["Cascade","Polychain Capital","Variant","Coinbase Ventures","Archetype","OpenAI","SpaceX","Stripe"]}

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More coverage

• Cascade: Project Guide | Latest Updates, Presale & Airdrop (web3.bitget.com)
• Cascade Raises $15 Million Funding - Ventureburn (ventureburn.com)
• Cascade Unveils 24/7 Neo-Brokerage Offering Perpetuals on ... (moomoo.com)
• Cascade - ICO Analytics (icoanalytics.org)
• Invest In Cascade Stock | Buy Pre-IPO Shares | EquityZen (equityzen.com)

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