Jane Street

Basics

• Scaled back its crypto ambitions globally because regulatory uncertainty has made it difficult for the firm to operate the business in a way that meets internal standards, according to a person familiar with the matter (9-5-2023).
• From The Defiant (4-5-2022):

"Wall Street quantitative trading firm with more than $300B in assets. The firm also acts as a marketmaker for Robinhood’s crypto markets, and made its first cryptocurrency trades back in 2017. Sam Bankman-Fried, the CEO of centralized digital asset exchange FTX, previously worked at Jane Street, quitting the company just two months before founding the quantitative trading firm, Alameda Research, in 2017."

Investments

• Bastion; part of the $9M Series A raise, announced on the same day as its token got launched (21-4-2022).
• Shardeum; part of their $18.2M Seed Round (18-10-2022).
• Has taken out a 25M USDC loan from BlockTower Capital. The loan, worth $25M, was facilitated by the decentralized funding platform Clearpool, it said on May 3, 2022.