RedBlock Capital makes strategic investment into Black Ocean

2 min readMar 18, 2021


We are pleased to announce that RedBlock Capital has recently completed an investment in Black Ocean. Incubated by VRM, a high-frequency quantitative trading company, Black Ocean is a dark pool project, providing institutional users access to more liquidity.

Off-market liquidity has always been a pain point in the crypto market. Funds and institutional traders have regularly experienced constraints in efficiently dealing with flows of large sizes. The Black Ocean team brings decades of experience from traditional finance to this and we look forward to working with them on building on this essential piece of infrastructure.

About Black Ocean

Black Ocean provides its institutional and corporate users services such as dark pools and liquidity pools, and seeks to cover custody, lending and legal currency channels.

Black Ocean was established to address the growing market for digital asset trading and institutional and corporate users’ increasing demand for large transactions. In 2021, the daily peak value of VRM transactions reached US$26 billion.

Black Ocean was launched Q1 2021 with partners such as Cactus Custody.

About RedBlock Capital

RedBlock Capital is a multi-strategy investment fund focusing on token and equity investments. The investment team consists of venture capital veterans, researchers, and trading professionals based in the US, Australia and China. It invests across the entire blockchain stack with a special focus on DeFi and Web 3.0 infrastructure. RedBlock Capital and it’s General Partners have invested in leading projects including Dora Factory, Black Ocean, Dfinity, Airswap, Uniswap etc.

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