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Soumya
Basu

Crypto isn't an asset class — it's a better architecture for financial markets.

PreviouslyCEO, Vigil Markets · CTO, bloXroute
EducationCornell PhD · Berkeley BS
Based inNew York
01

About

SB
I build the systems underneath crypto exchanges, blockchain networks, and financial markets — the matching engines, relay networks, and cryptographic protocols that institutions depend on but rarely see. That work has meant co-founding two infrastructure companies and publishing research across both systems (ACM CCS, SIGCOMM) and financial economics (Management Science, Journal of Financial Economics).

My PhD at Cornell, under Emin Gün Sirer, focused on the systems and economics of cryptocurrency protocols. Before that, CS at UC Berkeley. The NSF Graduate Research Fellowship supported my doctoral work.

The next generation of financial market infrastructure will borrow heavily from public blockchain technology — and some of it will run on public chains directly. The engineering required to make that work at institutional scale is the problem I keep coming back to.
02

Writing

Infrastructure
Decentralization Is an Engineering Property, Not a Marketing Claim
Hyperliquid claims to have surpassed Binance in liquidity. But when a short squeeze threatened its vault with $12 million in losses, the team froze the market and force-settled positions unilaterally. That's not decentralization — it's a centralized exchange with a blockchain settlement layer.
Read →
03

Ventures

Vigil Markets
Co-Founder & CEO · 2022 – 2025
Developed the core technical approach — applying differential privacy to order matching — for a cryptographically private spot exchange. Raised a pre-seed round led by BlueYard Capital, with angels including Charlie Songhurst.
Exchange Infrastructure
bloXroute Labs
Co-Founder & CTO · 2017 – 2019
Co-built the first relay network applying cut-through routing to block and transaction propagation, with Emin Gün Sirer at Cornell. bloXroute raised $95M from SoftBank, Lightspeed, Pantera, and Jane Street.
Blockchain Networking
FlatironX
Venture Partner · Current
Evaluating deals and advising incubations at an early-stage firm investing in fintech infrastructure.
Venture Capital
04

Research

Published across financial economics and computer science — Management Science, Journal of Financial Economics, ACM CCS, SIGCOMM, SIGKDD.
2023
Financial Economics
Mechanism design for predictable cryptocurrency fee markets
Soumya Basu, David Easley, Maureen O'Hara, Emin Gün Sirer
Management Science, Vol. 69, Issue 11
Paper →
2019
Distributed Systems
Cryptographic secret sharing with recovery for Byzantine fault tolerance
Soumya Basu, Alin Tomescu, Ittai Abraham, Dahlia Malkhi, Michael K. Reiter, Emin Gün Sirer
ACM Conference on Computer and Communications Security (CCS)
Paper →
2019
Financial Economics
The economic transition from mining subsidies to transaction fee markets
David Easley, Maureen O'Hara, Soumya Basu
Journal of Financial Economics
Paper →
2015
Distributed Systems
Best Student Paper Award
Justine Sherry, Peter Gao, Soumya Basu, Aurojit Panda, Arvind Krishnamurthy, Christian Macciocco, Maziar Manesh, João Martins, Sylvia Ratnasamy, Luigi Rizzo, Scott Shenker
ACM SIGCOMM
Paper →
View all publications →
05

Contact

Get in touch.