According to news on October 7, cryptocurrency startup Ostium Labs completed US$3.5 million in financing. General Catalyst, LocalGlobe, SIG and Balaji Srinivasan participated in the investment. The funds will be used to develop a digital commodity perpetual contract agreement. It is reported that Ostium Labs aims to attract traditional commodity traders and crypto-native traders by providing transparent and flexible trading alternatives, including various assets such as oil, Bitcoin, and foreign exchange trading pairs.