Arjun Sethi’s crypto derivatives protocol Nibiru raises maiden funding at $100M valuation

Nibiru, a new crypto derivatives protocol co-founded by Tribe Capital GP Arjun Sethi, has raised $7.5 million seed funding at a valuation of $100 million, two sources familiar with the matter told TechCrunch.
Tribe Capital, Republic Crypto and Kraken invested in the seed round, a source said, requesting anonymity as the information is not public.
Sethi co-founded the startups with four industry veterans – including Sankha Banerjee, formerly with Credence Capital and Binance; and Boris Revsin, who co-founded Republic Capital. Nibiru has attracted nearly two dozen contributors from firms includi