Reya Labs
Entrepreneur First '21London, GB · Founded 2021 · 2 known investors
Voltz Protocol was a smart contract-based decentralized finance protocol. The protocol is being sunset, with fund access remaining only through direct smart contract interaction.
Also known as REYA · Reya Labs (Voltz) · Voltz · Voltz Labs · Voltz Protocol
Founders & leadership
Reya Labs was founded in 2021 by Simon Jones and Artur Begyan.
Investors · 2
Also in the syndicate · 1
Company profile
researched Aug 2026Reya Labs (originally known for Voltz Protocol, at voltz.xyz) is the company behind Reya Network, a trading-optimized Layer 2 on Ethereum, and Reya Exchange, a decentralized perpetual futures venue. Voltz Protocol, a smart-contract-based interest rate swap AMM, is being sunset ahead of the new project going live; the only remaining way to interact with funds left on Voltz Protocol is via direct smart contract interaction.
Reya Network is described as a based zk-rollup specialized for high-performance decentralized trading, supporting perpetual futures and spot exchanges with liquidity shared across venues. Its architecture embeds margin engine logic in the network infrastructure so users can operate a single margin account across multiple exchanges, and it includes a passive liquidity pool funded by staked capital that provides shared depth to all exchanges in the ecosystem. Reported design characteristics include 100-millisecond block times, throughput of up to 30,000 transactions per second, first-in-first-out transaction ordering intended to remove front-running and harmful MEV, and gasless transactions, achieved via a customized version of the Arbitrum Orbit stack according to 2024 reporting; later descriptions characterize the network as using zero-knowledge proofs for verifiable settlement on Ethereum and specialized nodes for millisecond execution. The platform supports multiple collateral types including yield-bearing assets, unified cross-product margin accounts, portfolio cross-margining, and more than 70 perpetual markets.
Business model
The company operates blockchain infrastructure (Reya Network) plus a first-party trading venue (Reya Exchange), with the network open to third-party exchanges and a passive liquidity pool into which capital can be staked to support trading across the ecosystem.
Traction
Reported metrics include a $10 million funding round in March 2024, a total of $19 million raised per a third-party fundraising tracker, a public token sale ending 2 December 2025 that raised a reported $3 million, and support for over 70 perpetual markets.
Latest developments
Voltz Protocol is being sunset in advance of a new project going live, with fund access limited to direct smart contract interaction. A REYA public token sale ran 25 November to 2 December 2025 at $0.01875 per token for 160,000,000 tokens, with 50% unlocking at TGE and the balance vesting linearly monthly; initial FDV is listed at $150 million on a total supply of 8 billion tokens.
▸Full profile — market position, technology, go-to-market, risks & controversies
Market position
Positioned as infrastructure for perpetuals DEXs, competing on execution speed, MEV resistance, capital efficiency and shared liquidity; the predecessor Voltz Protocol addressed on-chain interest rate swaps and is being wound down.
Technology
Trading-optimized Layer 2 on Ethereum: a based zk-rollup with zero-knowledge-proof settlement, specialized nodes for millisecond execution, 100ms block times, up to 30,000 TPS, FIFO transaction ordering to mitigate front-running and MEV, gasless trading, protocol-level margin engine enabling a single cross-exchange margin account, cross-margining, multi-collateral support including yield-bearing assets, and a passive liquidity pool. 2024 reporting describes the stack as a customized version of Arbitrum Orbit.
Go-to-market
Reya Labs planned to bootstrap network liquidity through a Liquidity Generation Event in April 2024, then launch the perpetual Reya Exchange as the first exchange on the network, subsequently opening the network to other exchanges and adding an off-chain order book, stablecoin protocol and governance mechanisms.
DeFi traders and liquidity providers, and exchanges seeking to deploy on the Reya Network.
Risks & controversies
The original Voltz Protocol is being discontinued, and users with funds remaining on it must interact with smart contracts directly to withdraw, which raises access and operational risk. Token-sale figures reported by the third-party tracker are internally inconsistent (for example, a $19M headline raise alongside placeholder fundraising values), limiting confidence in those numbers.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 4
launches, deals, and filingsA public token sale for REYA ran from 25 November 2025 to 2 December 2025, raising a reported $3 million at $0.01875 per token for 160,000,000 tokens, with 50% unlocked at TGE and the remainder vesting linearly monthly.
$3M source ↗
The voltz.xyz site states Voltz Protocol is being sunset ahead of a new project going live; remaining funds on the protocol can only be accessed by interacting with the smart contracts directly.
Reya Labs said it would seed Reya Network liquidity with a Liquidity Generation Event scheduled for April 2024, to be followed by launch of the perpetuals Reya Exchange as the first exchange on the network, with an off-chain order book, stablecoin protocol and governance mechanisms planned during 2024.
Reya Labs announced a $10 million funding round led by Framework Ventures with participation from Coinbase Ventures, Wintermute, Fabric Ventures, Brevan Howard, Amber Group and Robot Ventures, to fund development of its trading-optimized Layer 2, Reya Network.
$10M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Reya Labsvoltz.xyz · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Reya Labs do?
- Reya Labs, formerly Voltz, builds Reya Network, a trading-optimized Ethereum Layer 2 for perpetuals DEXs.
- Who founded Reya Labs?
- Reya Labs was founded by Simon Jones, Artur Begyan in 2021.
- Who are Reya Labs's investors?
- Reya Labs's investors include Entrepreneur First.
- Where is Reya Labs headquartered?
- Reya Labs is headquartered in London, GB.