Axis raises $5 million in round led by Galaxy Ventures to launch onchain yield protocol for USD, bitcoin and gold

4 days ago7 min read1 comments

In a move that underscores the accelerating convergence of traditional finance and decentralized protocols, Axis has successfully secured a $5 million funding round led by the heavyweight Galaxy Ventures. This capital injection is earmarked for the launch of a novel onchain yield protocol designed to generate returns on foundational assets: the US dollar, bitcoin, and gold.But the narrative here isn't just about raising venture funds; it's about a seismic stress test already in motion. Axis revealed it has stealthily deployed a staggering $100 million in private capital through a closed beta phase, a war chest dedicated to rigorously proving the mettle of its proprietary delta-neutral arbitrage engine before a public debut.This isn't merely a startup announcement—it's a calculated, high-stakes experiment playing out at the bleeding edge of tokenized finance. The strategic choice of assets is a masterclass in bridging worlds.The US dollar, represented by stablecoins, offers the bedrock of predictability and liquidity that institutional players crave. Bitcoin, the digital gold and volatility king, presents a unique yield-generation challenge that, if solved, unlocks trillions in dormant capital.Physical gold, the ultimate ancient store of value, represents perhaps the most tantalizing frontier for tokenization, connecting blockchain efficiency with a millennia-old asset class. By targeting this trinity, Axis isn't just building another DeFi yield farm; it's constructing a foundational pillar for a new hybrid financial system where TradFi reliability meets DeFi's programmable yield.The involvement of Galaxy Ventures, a firm with deep roots in both crypto-native ventures and traditional finance, signals a powerful vote of confidence. It suggests that sophisticated investors see beyond the hype of speculative degens and are placing real bets on infrastructure that can responsibly manage risk at scale.The $100 million private beta is the critical subplot. In the often-opaque world of DeFi, where protocols launch with fanfare only to be drained by a clever exploit weeks later, this approach is refreshingly institutional.It speaks to a philosophy of 'trust, but verify through fire. ' A delta-neutral strategy, at its core, aims to profit from relative price inefficiencies between related assets or markets while hedging away exposure to the overall direction of the market.It's the holy grail for quants—steady, market-agnostic returns. Deploying this onchain, across volatile and often fragmented crypto and commodity markets, is a monumental technical challenge.That $100 million test is essentially a live-fire drill, probing for slippage, liquidity black holes, and oracle vulnerabilities under real economic pressure. The implications are profound.

#Axis

#Galaxy Ventures

#onchain yield protocol

#delta-neutral arbitrage

#bitcoin

#gold

#USD

#funding

#DeFi

#featured