London-based crypto market maker LO:TECH said it raised $12 million in a Series A round led by MMC to expand into the U.S. and Asia-Pacific and grow its institutional trading business.

Existing investors Faction and 13 Books Capital also participated, alongside Atka, according to the company’s announcement. The firm plans to establish a presence in New York and Singapore.

LO:TECH also announced execution services spanning traditional, digital and prediction markets, which the announcement described as launching Nov. 2. The company told CoinDesk the launch is narrower than that

“What goes live on Nov. 2 falls within our existing activities, which are proprietary trading and providing liquidity in digital asset markets,” the company told CoinDesk. It said it is preparing a regulatory application separately, without mentioning the jurisdiction, and will not offer regulated services before approval.

The company says it aims to provide liquidity and execution across both digital assets and tokenized traditional assets, a bet on a gap in tokenized stock markets.

A World Federation of Exchanges study published Oct. 20 found traditional exchanges remain the main source of price discovery for third-party tokenized stocks. When prices diverge, the tokens generally adjust toward the underlying shares.

The infrastructure gap has also drawn oracle provider Chainlink, which last week introduced weekend and holiday pricing using perpetual futures quotes when traditional markets close, with decentralized lender Aave as its launch partner.

LO:TECH said it already makes markets on Hyperliquid, Binance, Bybit and OKX, as well as what it called “all major RWA venus,” and described its monthly trading volumes as “in the billions.” It declined to disclose exact volumes, client names or how it prices and hedges positions.

The firm says it serves more than 50 institutional clients across market making, market data and execution services. In its release shared with CoinDesk, it said revenue had tripled and headcount doubled since its August 2025 funding round.

The new capital will support its overseas expansion and execution business, with U.S. licenses still being explored.