Uber Once Again Says It’s Considering Crypto Years After Mulling BTC Payments
Rails Raises $14M From Backers Including Kraken to Launch Crypto Exchange
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Will Canny
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By Will Canny, AI Boost|Edited by Nikhilesh De
Jun 4, 2025, 1:00 p.m.
- Crypto exchange Rails raised $14 million in a token sale to investors in April.
- The trading platform enables users to retain custody of their assets while accessing performance traditionally associated with centralized exchanges.
Crypto exchange Rails has raised $14 million in a token sale to launch its trading platform combining self-custody and high-speed execution, the company said in a press release Wednesday.
The company raised $14 million in a token sale to investors in April this year, and $6 million in a seed round that closed in January 2024, the firm said.
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Investors include Kraken, Slow Ventures, CMCC Global, Quantstamp and Round13 Capital, the company said.
Rails said it is designed to solve crypto’s core trade-off: speed versus security.
The platform enables users to retain custody of their assets while accessing performance traditionally reserved for centralized exchanges, Rails said.
“Our hybrid model delivers the best of both worlds,” co-founder and CEO Satraj Bambra, said in the release. “Users get the transparency of on-chain custody without giving up speed.”
Rails will support trading for major crypto assets, the company said, and will leverage zero-knowledge proofs and Merkle trees to validate trades securely.
The platform will deploy exclusively on Kraken’s layer-2 network, Ink, to boost transaction speed and reduce costs, the company said.
Read more: Crypto Fundraising Is Positive, But Slower Than Expected Under Trump Administration
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
