Today, we're excited to announce that Raven has been acquired by Premia in an all-cash transaction.
When we started Raven, our goal was to build institutional-grade derivatives infrastructure designed for the next generation of financial markets. From the very beginning, we believed that programmable finance required infrastructure built specifically for regulated participants, and the Canton Network provided the foundation to realize that vision.
Over the past six months, Raven evolved from an idea into a production-ready platform. Together with our community, we launched our testnet, opened our private beta, worked alongside ecosystem partners, and demonstrated what institutional derivatives could look like on programmable infrastructure. Throughout that journey, our markets consistently delivered meaningful outcomes for participants, with many users realizing substantial profits while validating the strength of Raven's pricing models and execution infrastructure.
Today marks the next chapter of that journey.
Premia has acquired Raven and all of its products, technology, intellectual property, platform assets, data, models, simulations, and related infrastructure. These capabilities will be fully integrated into Premia's institutional platform, becoming part of its core offering for institutional clients on the Canton Network.
As part of this transaction, Raven will no longer operate as an independent product.
Premia currently serves 38 institutional clients, manages more than $127 million in assets under management, and has recently expanded its digital asset strategy by becoming a validator on the Canton Network. We believe Raven has found the right long-term home, where its technology can continue to evolve within an established institutional business and reach the clients it was ultimately built to serve.
To ensure a smooth transition, members of Raven's support and engineering team will work closely with Premia on the integration and ongoing operation of the platform.
None of this would have been possible without the ecosystem around us. We'd like to thank @CantonNetwork for providing the foundation on which Raven was built, and our partners at @BitSafe_Finance, @Chainlink, and @FiveNorthHQ's Loop for their collaboration and support throughout our journey. Building alongside each of you has been a privilege, and we're excited to see the Canton ecosystem continue to grow.
A Message from Our Founder
"When we launched Raven, our ambition was never simply to build another application. We wanted to explore what institutional derivatives could look like on programmable financial infrastructure and prove that vision in production.
We're incredibly proud of what the team accomplished and grateful to every user who joined us on that journey. We're confident that Premia is the right steward for Raven's intellectual property and that what we've built will continue to evolve as part of a broader institutional platform."
— Akshay Sinha, Founder of Raven Market
A Message from Premia
"Raven has built exceptional technology that aligns closely with our long-term vision for institutional digital assets. Integrating Raven into Premia strengthens our offering and accelerates our strategy on the Canton Network. We look forward to building on the strong foundation the Raven team has created and delivering these capabilities to our institutional clients."
— Bella Thron, Managing Partner of Premia
Finally, to everyone who supported Raven over the past year — thank you.
Whether you participated in our testnet, traded during beta, provided feedback, reported bugs, introduced partners, or simply believed in what we were building, you played an important role in Raven's journey.
Watching our community put Raven through real market conditions while validating the robustness of our pricing models, market infrastructure, and execution engine has been one of our greatest achievements. Thank you for placing your trust in what we built.
This is not the end of the work we started.
It's the beginning of two new journeys.
