QFEX, an on-chain contract trading platform, has successfully raised $9.5 million in a seed funding round led by General Catalyst. The round saw participation from notable investors including Y Combinator, Paul Graham, Nexus Venture Partners, Moonfire VC, Goodwater Capital, Liquid 2 Ventures, 468 Capital, and Ritual VC. QFEX is positioned as the first "TradFi-native" perpetual futures trading platform, offering 24/7 high-leverage trading of traditional assets such as U.S. stocks, indices, commodities, and forex, with leverage up to 50x. The platform aims to level the playing field for retail investors against institutions and high-frequency trading firms. The team behind QFEX includes professionals from leading trading firms like Citadel, Jump Trading, and Jane Street, bringing extensive expertise in traditional finance and high-frequency trading.