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Phantom Hires Ventuals Co-founders, Absorbs US$650M Volume Perpetuals Team in June

Partnerships & Ecosystem

2026-07-01 05:32:24

OPENAI-0.11%

ANTHROPIC-0.67%

Phantom wallet hired Ventuals co-founders Alvin Hsia and Emily Hsia, plus engineer Aris Samad, in June as the platform wound down, a talent acquisition that bolsters Phantom's derivatives expertise. Ventuals operated perpetual futures markets on private-company valuations, including OpenAI and Anthropic, recording more than US$650 million (AU$943 million) in lifetime trading volume before shutting down. Phantom CEO Brandon Millman said the hire reflects the wallet's focus on open networks and perpetual markets: "Open markets have become a major focus for us. We've gone deep on perps, and we intend to go deeper."

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