Premia acquires institutional derivatives platform Raven in all-cash deal

Premia has acquired institutional derivatives platform Raven in an all-cash transaction, according to a statement from Raven. Financial terms of the deal were not disclosed.

The transaction covers all of Raven's products, technology, intellectual property, platform assets, data, models, simulations and related infrastructure. These capabilities will be integrated into Premia's institutional platform as part of its core offering for institutional clients on the Canton Network.

Raven built institutional-grade derivatives infrastructure on the Canton Network, targeting regulated participants and programmable finance use cases. Over the past six months, the team brought the platform from concept to production-ready, launching a testnet, opening a private beta and working with ecosystem partners including BitSafe Finance, Chainlink and FiveNorth's Loop.

As part of the deal, Raven will no longer operate as an independent product. Members of Raven's support and engineering team will work with Premia on integration and ongoing operation of the platform to smooth the transition for institutional users.

Premia currently serves 38 institutional clients and manages more than $127 million in assets under management, according to the announcement. The firm has also recently expanded its digital asset strategy by becoming a validator on the Canton Network.

"Raven has built exceptional technology that aligns closely with our long-term vision for institutional digital assets," said Bella Thron, managing partner of Premia. "Integrating Raven into Premia strengthens our offering and accelerates our strategy on the Canton Network."

Raven founder Akshay Sinha said the team aimed to prove what institutional derivatives could look like on programmable financial infrastructure, and described Premia as "the right steward for Raven's intellectual property" as it becomes part of a broader institutional platform.