On-chain consumer trading platform fomo, which strips away the technical barriers of decentralised markets, has secured $75m in a Series B funding round led by Index Ventures, with participation from Union Square Ventures and existing backer Benchmark.
The raise arrives as major legacy exchanges including the NYSE and NASDAQ push forward with blockchain-based asset issuance, signalling a broader shift in financial market infrastructure. The capital will be directed towards expanding the platform into new asset classes, among them equities, perpetuals and prediction markets, while supporting further development of its trading and social ecosystem.
fomo is built to remove the friction that has historically kept everyday investors away from on-chain markets. Where traditional decentralised trading demands users manage multiple non-custodial wallets, navigate competing blockchains, absorb unpredictable gas fees and execute complex token bridges, fomo handles all of this behind the scenes. Onboarding is designed to take minutes, with support for familiar payment methods including Apple Pay, making the experience comparable to any mainstream consumer app.
The platform places social interaction at the centre of its product design rather than treating it as an afterthought. Users can browse trending assets, follow high-performing traders, monitor live positions, and review profit-and-loss data through public leaderboards that use verifiable, real-time metrics rather than the unverified screenshots common on legacy social media. Several fomo content creators have accumulated more than 100,000 followers within 12 months of the platform's launch.
fomo was founded in 2025 by Paul Erlanger, Se Yong Park and Prashan Dharmesena. The trio previously worked together at decentralised exchange dYdX, having each begun their careers at Deutsche Bank. The company launched publicly last year and has since grown through community adoption, organic referrals and social sharing. Over time, fomo anticipates that the boundaries between traditional and on-chain markets will increasingly dissolve as blockchain infrastructure becomes more deeply embedded in global finance.
fomo co-founder and CEO Paul Erlanger said, 'Most trading products aren't built with the user in mind. They are dull, hard to understand, and make you want to rip your hair out. Each decision we make at fomo is made to bring our users joy. fomo is accessible, social, and understandable in 15 minutes. We believe people should be able to access global markets instantly, share opinions and conviction through their network, and participate without needing to understand the technical complexity underneath it all.'
fomo co-founder Prashan Dharmesena said, 'fomo seems simple but under the surface there is a lot of technical complexity. Through behind the scenes wallet generation, key management, gas sponsorship and more fomo takes the burden away from the end consumer.'
fomo co-founder Se Yong Park said, 'Trading is fundamentally a social behavior and an expression of unique insight. A trader with a clear macro conviction should be able to express it through multiple avenues simultaneously-whether that means going long on a commodity, shorting a correlated equity, or purchasing a prediction market contract. In an internet increasingly dominated by automated, synthetic content, active trading represents genuine human conviction and the future of online engagement.'