About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Mirror Blockchain-Based Trading Platform Gets $8.8 Million Funding

Subscribe to our newsletter

By Zoe Schiff

The idea that blockchain technology can aid in the development of real world trading technology gained more credence this month with the news that Mirror – a trading platform operator formerly known as Vaurum – has received $8.8 million in Series A funding from investors led by Route 66 Ventures.

San Francisco-based Mirror is a peer-to-peer trading platform that is attempting to democratise access to financial markets using blockchain technology. A blockchain is a publicised log of Bitcoin flows that shows evidence for Bitcoin transactions. The technology that Mirror has implemented creates a public database to confirm transactions and currencies.

Using blockchain technology, Mirror enables individuals and firms to produce and exchange financial contracts. This peer-to-peer contract creation and settlement means that all transactions are cleared on the Bitcoin blockchain with no intermediary involved and no central custodial risk.

According to Avish Bhama, co-founder and CEO of Mirror, “There is an unbundling of the financial services industry that’s occurring right now, and we see an enormous opportunity to provide advanced, more efficient services for risk management and hedging. We’re building tools for traditional financial assets, leveraging the Bitcoin protocol.”

Other significant contributors with stakes in Mirror include Battery Ventures, Crosslink Capital, RRE Ventures and investor Tim Draper. Under the most recent funding arrangement, Route 66 Ventures’ General Partner, Pascal Bouvier, will be joining Mirror’s board.

“We plan to use this new financing to continue to build out our engineering team and scale international operations,” says Bhama.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Navigating the Build vs Buy Dilemma: Cloud Strategies for Accelerating Quantitative Research

Date: 20 May 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes For many quantitative trading firms and asset managers, building a self-provisioned historical market data environment remains one of the most time-consuming and resource-intensive steps in establishing a new research capability. Sourcing data, normalising symbologies, handling corporate actions and maintaining...

BLOG

SOLVE Acquires MBS Source to Bolster Structured Products Offering

SOLVE, provider of pre-trade data and predictive pricing for fixed income markets, has acquired MBS Source, the data and trading solutions provider for the mortgage- and asset-backed securities (MBS/ABS) market. The acquisition, announced on October 16, 2025, aims to enhance SOLVE’s capabilities in the structured products space by integrating MBS Source’s specialised data and analytics...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Reference Data Utility Handbook

The potential of a reference data utility model has been discussed for many years, and while early implementations failed to gain traction, the model has now come of age as financial institutions look for new data management models that can solve the challenges of operational cost reduction, improved data quality and regulatory compliance. The multi-tenanted...