LO:TECH, a London-based capital markets firm, has raised US$12 million in a series A led by MMC, with existing investors Faction, 13 Books Capital, and Atka also participating.

The company said it launched execution services for trading across traditional, digital, and prediction markets. It plans to expand in the US and Asia-Pacific, including New York and Singapore, and is exploring US licenses.

New York generally requires a BitLicense or limited-purpose trust charter for virtual-currency businesses operating in the state or serving its residents.

In Singapore, digital-asset providers may need licensing under the Payment Services Act.

LO:TECH said the total crypto market value fell about 50% in the year to June 2026, while tokenized real-world assets on public blockchains nearly doubled to US$38 billion over a similar period.

It cited RWA.xyz, which tracks tokenized credit. The US Commodity Futures Trading Commission said some prediction-market contracts may fall under its jurisdiction or be illegal if offered off-exchange.

🔗 Source: LO:TECH