Orderly Network, a decentralized exchange powered by the NEAR blockchain, has attracted strategic investment from the venture arm of Indian trading platform CoinDCX.
The amount of the transaction was not disclosed, but the funding was implemented through a Simple Future Token Arrangement (SAFT) at a fixed valuation of $200 million.
Rohit Jain, the head of CoinDCX Ventures, has expressed his optimism for the model, citing Orderly as the best team to implement the idea.
Founded in 2017 and having passed through the NEAR and WOO Network incubators, Orderly Network launched its first decentralized application in the form of a trading platform user interface.
June last year saw the startup raise $20 million from Three Arrows Capital, Alameda Research and others, and the launch of the Orderly token is expected in the second half of 2023.
