According to Fortune, Ostium, a trading platform focused on derivatives favored by crypto traders, has successfully raised around $20 million in a Series A funding round, with some reports characterizing the total as roughly $24 million at a $250 million valuation. The round was led by General Catalyst and Jump Crypto, with participation from investors including Coinbase Ventures and Wintermute. Ostium operates a perpetual decentralized exchange (DEX) focused on on-chain real-world assets (RWAs). The platform enables users to trade perpetual contracts on assets such as gold, oil, FX pairs, and equity indexes directly on-chain, aiming to bridge traditional markets and crypto-native derivatives infrastructure. The funding underscores continued venture capital and institutional interest in specialized decentralized trading infrastructure, particularly for RWA-based perpetuals that mirror traditional commodity and FX markets while remaining on-chain. [Update 1] Added detail from subsequent reports that Ostium’s platform supports perpetual trading on specific RWAs such as gold, oil, FX pairs, and equity indexes, clarifying the product scope while keeping the previously reported funding size and investor lineup unchanged.