Cointime

Cointime

Download App
iOS & Android
Home / Financing

Centrifuge Has Raised $4 million in A Strategic Round

Decentralized finance protocol Centrifuge has raised $4 million in a strategic round from backers Coinbase Ventures, BlockTower, Scytale and L1 Digital.

The Berlin-based project enables real-world assets — such as real estate, consumer credit and invoices — to be tokenized and leveraged within DeFi services. Such tokenization has been seen as one of the core use cases for blockchain technology, as it allows for more transparent and liquid markets.

Coinbase
Comments

All Comments

Recommended for you

  • Grayscale transferred a total of approximately 1,202 BTC to Coinbase and Coinbase Prime this morning

    According to data monitored by Arkham, Grayscale transferred about 1202 BTC to Coinbase and Coinbase Prime this morning. The data shows that Grayscale transferred about 1050 BTC to Coinbase about 9 hours ago, worth about $66.96 million, and then transferred about 151.416 BTC to Coinbase Prime about 7 hours ago, worth about $9.76 million.

  • Bitcoin spot ETF has net outflow for five consecutive days, with total net asset value of US$53.063 billion

    According to SoSoValue data, the total net outflow of Bitcoin spot ETF was 4.3876 million US dollars on April 18th (US Eastern Time).

  • Blast DEX Thruster receives $7.5 million in seed round funding

    The decentralized trading protocol Thruster based on Blast raised $7.5 million in seed funding led by Pantera Capital, bringing Thruster's valuation to $70 million. Angel investors include Santiago Santos, Frax founder Sam Kazemian, Pendle founder TN Lee, Stacked founder Alex Lin, Renzo founder Kratik Lodha, and Axelar founder Georgios Vlachos also participated in this round of funding.

  • Aark Raises $6M Funding to Accelerate LRT Liquidity Integration for High Leverage Trading

    Aark, a perpetual DEX focused on leveraging LRT assets to bolster liquidity for perpetual traders, has announced the successful completion of its Seed Round funding. The round attracted investment from leading industry pioneers, including HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC, and Metavest. With the new investment, Aark plans to grow its team to develop more scalable liquidity, targeting the substantial $10 billion TVL market and enabling unparalleled high-leverage trading of up to 1000x for long-tail assets. Aark's CEO, Eden, stated that the company aims to propel the on-chain derivatives industry to new heights and surpass centralized counterparts.

  • Hidden Road plans to raise $120 million at $1 billion valuation

    Cryptocurrency broker Hidden Road Partners is raising Series B equity financing, which will bring its valuation to around $1 billion, and this round of financing is expected to raise about $120 million. Founded by Marc Asch in 2018, this bulk broker has worked at hedge fund billionaire Steven Cohen's company SAC Capital and Point72 Asset Management. Hidden Road completed a $50 million financing round in 2022. Hidden Road provides primary brokerage services for a variety of markets, including foreign exchange, precious metals, and digital assets.

  • RWA protocol Centrifuge announces $15 million Series A funding

    RWA protocol Centrifuge announced the completion of a $15 million Series A financing round, led by ParaFi Capital and Greenfield, with participation from Circle Ventures, IOSG Ventures, Arrington Capital, Spartan Group, and Wintermute Ventures. Additionally, Centrifuge stated that it will establish a lending market called Centrifuge Pools on the Base network.

  • Yuanlong Yatu's subsidiary UOVAMETA completed a financing of tens of millions of dollars to further improve the layout of the AI ​​and Web3 industry chain

    Shanghai Wowo Universe Digital Technology Co., Ltd. (referred to as "Wowo Universe" or "UOVAMETA"), a subsidiary of Beijing Yuanlong Yatu Culture Communication Co., Ltd., has completed its first round of strategic financing worth tens of millions of yuan. Lehua Entertainment, Alibaba Pictures, and others participated in the investment, while the parent company Yuanlong Yatu also participated in the capital increase and share expansion. This financing will help UOVAMETA further improve its AI and Web3 industry chain layout, laying a solid foundation for the development and expansion of future platform products.

  • Account abstraction app Plena raises $5 million

    Plena, an abstract account application, has completed a $5 million financing round with participation from Big Brain Holdings, DeWhale, GBV, WebWise, Galxe, Normie Ventures, FounderHeads, and others. In addition, Plena has announced a collaboration with DAO Maker, Chain GPT, Decubate, AI Tech, and Viction Chain by Coin98 to launch the largest airdrop campaign, distributing 2% of its total supply before listing.

  • Account abstraction app Plena completes $5 million in financing, with Normie Ventures and others participating

    Plena, an account abstraction application, has announced the completion of a $5 million financing round with participation from Big Brain Holdings, DeWhale, GBV, WebWise, Galxe, Normie Ventures, FounderHeads and others. Plena also announced a collaboration with DAO Maker, Chain GPT, Decubate, AI Tech, and Viction Chain by Coin98 to conduct an airdrop activity, distributing 2% of its total supply before listing.

  • Coinbase Strongly Opposes Senators Urge to Stop Approval of Cryptocurrency ETFs

    Paul Grewal, the Chief Legal Officer of Coinbase, criticized a letter written by two US senators urging the Securities and Exchange Commission (SEC) to implement stricter regulations on Bitcoin exchange-traded funds (ETFs) and to avoid approving any further cryptocurrency ETF applications. In a post on March 15th, he challenged the claims made by Senators Jack Reed and Laphonza Butler and defended the necessity of expanding the ETF market to include assets beyond Bitcoin.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company