Fomo raises $75M to expand on-chain trading

Fomo, an on-chain trading application, announced it has raised $75 million to fund its protocol-native trading product that executes orders directly on public blockchains.

The company said the financing is intended to speed product development, increase on-chain liquidity and grow its engineering and support teams. Funds will back feature rollouts designed to enable faster swaps, lower slippage and improved price discovery for token trades carried out without intermediaries.

Fomo offers a noncustodial trading experience that lets users place and settle trades from their own wallets. The platform combines liquidity protocols and automated market-maker logic to route orders across decentralized venues and on-chain order books. On-chain execution preserves user custody of assets and records transactions on public ledger systems.

Venture capital and institutional backers have continued to invest in projects that reduce counterparty risk and move trading functions onto programmable blockchains. Fomo intends to use the new capital to expand partnerships with liquidity providers and to support integrations with major wallets and blockchain networks.

The company plans to hire engineers, protocol designers and compliance personnel focused on throughput optimization, front-end design and risk monitoring tools. Part of the funding will be allocated to incentives for liquidity providers to deepen order books and improve execution quality.

Fomo competes with other web3-native trading solutions that emphasize permissionless access and wallet-first architectures. The firm said it will invest in user education and interface improvements to help traders understand on-chain fees, transaction finality and how decentralized order routing works.

Fomo did not disclose detailed information about its founding team or investor list. The company said it will announce product milestones and strategic partnerships in the coming months as it deploys the raised capital.