Silicon Valley-based Web3 startup XStable has successfully completed a multi-million-dollar seed funding round and has been selected for the Solana Solaris Accelerator 2026 program. The funding round was led by investors from Singapore and Silicon Valley, with additional support from various Web3 and fintech institutions. The capital will be directed towards protocol development, enhancing system security, and expanding the global ecosystem.
XStable, known for being the first decentralized trading engine on Solana focusing on precious metal perpetual contracts, utilizes a high-performance on-chain order book and stablecoin settlement mechanism. Currently, it offers four contract trading pairs, including gold and silver, in its public testing phase. The company aims to provide a fair, transparent, and secure trading experience for precious metal derivatives.
The Solana Solaris Accelerator, a program by the Solana Foundation and HackQuest, supports blockchain startups, particularly those tokenizing real-world assets into perpetual contracts. XStable plans to leverage this opportunity to enhance its RWA perpetual contract engine, improve protocol security, and optimize trading experiences, facilitating the entry of high-value RWA assets into decentralized markets.
XStable Secures Multi-Million Dollar Seed Funding, Joins Solana Solaris Accelerator
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
