Pre-seed round 2026
Crypto-native market maker

Liquidity for
crypto markets.

Sub-15μs
Tick to signal latency
3 venues
Integrated
Shivprasad Kounsalye, Founder and CEO
shivprasad.k@kosashi.com    kosashi.com
KOSASHI CAPITAL01
The problem

Why crypto markets stay illiquid

Crypto liquidity is fragmented across venues, thin beyond the majors, and vanishes under stress. Every new token and venue recreates the demand.

Fragmented venues

Liquidity is split across hundreds of exchanges and never pools into one deep market.

Thin order books

Beyond the majors, books are shallow and spreads are wide, so even modest orders move the price.

Vanishing depth

Liquidity disappears exactly when volatility hits, leaving traders without a counterparty.

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What we do

A crypto-native
market maker

We provide continuous, two-sided liquidity across crypto perpetual futures, quoting around the clock to tighten spreads and deepen order books.

01

Continuous two-sided quoting

Tight bid and ask, around the clock, so there is always a price to trade against.

02

A proprietary low-latency engine

Prices every instrument across venues in real time.

03

Risk enforced in code

Inventory, drawdown, and venue limits run automatically.

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The engine
Sub‑15μs

Tick-to-signal latency, p95, engine compute. Built and validated on testnet, ready for mainnet.

  • Proprietary low-latency engine, built in-house
  • Integrated with Binance, Bybit, and BitMEX, expanding to Deribit and KuCoin
  • Risk enforced in code: inventory, drawdown, venue limits, deadman safety
  • Quantitative pricing: optimal spread, queue-aware fills, toxicity, regime detection
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Market
$85.7T

Traded in crypto derivatives in 2025, perpetual futures over 90 percent of it. Around 264 billion dollars every day. The market compounds with every new token and venue.

Source: CoinGlass 2025

TAM, crypto derivatives flow$85.7T
SAM, perps on our venues~40%
SOM, our focused sharesmall, growing
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Business model and edge

Two revenue streams, one engine

01

Proprietary market making

Spread capture plus exchange rebates and VIP tiers. Our focus now.

02

Market-making-as-a-service

Monthly retainers from token projects for liquidity. Capital-light, the natural next step.

→

The lever

Rebates and VIP tiers flip prop trading from breakeven to profitable.

Trading capital→Volume→VIP tier and rebates→Profit→More capital
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Traction

What we have built and proven

Demand validated: in discussions with Delta Exchange for rebates and institutional onboarding, gated on trading capital and volume, which is exactly what this round funds.

Pre-mainnet and pre-revenue by design. Trading capital is the unlock.
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Why us

We compete on quality, not scale

Large market makers

  • Compete on raw scale
  • Opaque, often misaligned terms
  • Skip the long tail
vs

Kosashi

  • Transparent and aligned
  • Engineering-led, capital-efficient
  • Serves the long tail and new venues

Not the biggest market maker. A measurably precise, aligned one.

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Roadmap

From testnet to scaled profitability

Now

Engine validated

Testnet, sub-15μs, exchange demand established.

This raise

Go live

Mainnet, first rebate and VIP tier, prove unit economics, UAE entity.

12 to 18 mo

Scale

Expand venues and instruments, reach sustained profitability.

Beyond

Grow

Scale trading capital, raise a seed, broaden MM agreements.

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Team
SK

Shivprasad Kounsalye

Founder and CEO
  • 5.5+ years as a software engineer building production-grade systems
  • 4+ years as an active participant in financial markets
  • Built the Kosashi market-making engine end to end

Why a small team wins now. Modern compute, data, and tooling let a focused founder build institutional-grade infrastructure. We hire the highest-leverage roles first.

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The ask
$400k

Pre-seed, via SAFE.

Trading capital 50%
Team 30%
Infra and UAE 20%
Trading capital to unlock volume and rebates Full-time founder and first key hires Infrastructure, data, and UAE setup
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Liquidity for
crypto markets.

Building the liquidity layer for crypto, from the UAE.
Shivprasad Kounsalye, Founder and CEO
shivprasad.k@kosashi.com
kosashi.com
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