Cointime

Cointime

Download App
iOS & Android
Home / Financing

Swiss Fintech Platform Acredius Launches on Cardano Blockchain for SME Investment and Tokenization of Loans

Swiss lender Acredius has launched on the Cardano blockchain, allowing investors to use the native token ADA to invest in small and medium-sized businesses (SMEs). The integration also enables the tokenization of loans through smart contracts, making it easier for retail investors to participate in the lending market.

Acredius aims to revolutionize the lending marketplace by supporting SMEs and providing a platform for investors to lend money. The collaboration with Cardano could boost adoption of the ADA token and highlights the positive impact of blockchain technology. However, the ADA price has struggled to break above $0.37 since mid-April.

Cardano
Comments

All Comments

Recommended for you

  • Sharp Alpha Advisors Raises $25M for Second Fund Targeting Early Stage Software Companies in Sports, Gaming, and Entertainment Industries

    New York-based venture capital firm Sharp Alpha Advisors has secured $25 million for its second fund, which will primarily invest in early stage software companies in the sports, gaming, and entertainment sectors. The fund aims to invest between $1 million and $2 million in 15 startups that fall under the category of "competitive entertainment," such as technology firms catering to sports betting, fantasy sports, streaming platforms, and video games. Sharp Alpha has already invested in London-based technology startup C15 Studio, which operates and distributes streaming channels for Formula 1 and One Championship, and plans to make further investments over the next three to five years. Additionally, the firm has a sidecar vehicle for limited partners to invest more money in individual companies within the fund.

  • TheoriqAI Completes $6.2 Million Super-Seed Round of Financing, Led by Hack VC

    On May 14th, TheoriqAI, a modular AI agent infrastructure, announced on X platform that it has completed a $6.2 million Super-Seed round of financing. Hack VC led the investment, with participation from Foresight Ventures, HTX Ventures, Figment Capital, HASH CIB, Inception Capital, Antalpha Ventures, NewTribe Capital, Stateless Ventures, Bitscale Capital, Construct Ventures, Hypersphere, IOSG Ventures, LongHash Ventures, HashKey Capital, SNZ Holding, Chainlink.

  • Niobium, a fully homomorphic encryption chip provider, completes $5.5 million seed round of financing, led by Fusion Fund

    Niobium, a custom encryption chip provider specializing in zero-trust computing, has announced the completion of a $5.5 million seed round of financing, led by Fusion Fund, with participation from Morgan Creek Capital, Rev1 Ventures, Ohio Innovation Fund, and Hale Capital. It is reported that Niobium is building a fully homomorphic encryption (FHE) accelerator chip and will commercialize it. The new funds will be used to explore the commercial applications of FHE in industries such as healthcare, finance, and blockchain, and also plan to showcase the solution and launch pilot projects in the fourth quarter of this year.

  • RunPod Completes $20 Million Seed Round of Financing, Led by Intel Capital and Others

    According to distributed GPU cloud computing AI training model project RunPod announced the completion of a $20 million seed round of financing, jointly led by Intel Capital and Dell Technologies Capital, with participation from Julien Chaummond, Nat Friedman, Adam Lewis and others. RunPod uses global distributed GPU cloud computing services to train, deploy, and scale AI models, thereby reducing the workload of developers. According to its official website, RunPad accepts cryptocurrency payments, but reminds users to strongly recommend setting up a crypto.com account as part of the risk management process and conducting any necessary KYC checks in advance.

  • Web3 AI platform ChainML completes $6.2 million seed round of financing

    Web3 AI platform ChainML has announced the completion of a $6.2 million seed round of expansion financing, led by Hack VC, with participation from Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures, and Alumni Ventures. The platform also announced the launch of its agent-based foundation layer, Theoriq.

  • Metaverse project Baby Shark Universe completes seed round financing

    Baby Shark Universe project, a metaverse project, has completed a seed round of financing with a valuation of $34 million. Participating investors include Animoca Brands, CREDIT SCEND, Sui Foundation, Comma3 Ventures, Creditcoin, GM Ventures, Neuler, Notch Ventures, X+, and Planetarium. The specific amount has not been disclosed, and the new funds will be used for development and global marketing. According to reports, Baby Shark Universe is an open-world role-playing game where players can create their own game content (items, maps), enjoy content created by other players, and expand the game's narrative based on their choices and actions.

  • Web3 social infrastructure UXLINK completes $5 million in financing

    Web3 social infrastructure UXLINK announced the completion of a new round of $5 million financing, led by SevenX Ventures, INCE Capital, and HashKey Capital. It is reported that UXLINK's total financing has now exceeded $15 million.

  • SoftBank Group to invest 10 trillion yen in "AI revolution"

    SoftBank Group (SBG) Chairman and CEO Masayoshi Son's "AI revolution" has begun. SoftBank Group plans to expand its business into industries such as data centers, robots, and power generation using AI semiconductors as a breakthrough. The expected investment amount could reach up to 10 trillion yen (approximately RMB 464.09 billion). American companies such as Microsoft are also making huge investments in the AI field, indicating a trend of global tech giants entering this growing field. (Nikkei News)

  • Web3 startup Star Nest completes $6 million in Pre-A round of financing

    Hong Kong Web3 music startup Star Nest announced that it has completed a $6 million Pre-A round of financing, led by Chuangqi International Limited, a wholly-owned subsidiary of Hong Kong Stock Exchange-listed company Guofu Innovation. Star Nest will collaborate with Armonia Meta Chain to develop the Star Nest SpaceStar metaverse game, which includes music, role-playing, and social features.In addition, Star Nest plans to launch its NEST project in the third quarter of 2024. Nest will receive 2.1 billion NEST tokens tailored for the project, and Star Nest will use the NEST token to build a more complete music industry token economic system. The NEST token will be widely used for purchasing performance tickets, chain game cooperation, metaverse consumption, governance voting, and other activities.

  • Singapore-based Uxuy raises $7M in Pre-A funding for decentralized multi-chain trading platform.

    Singapore-based decentralized multi-chain trading platform, Uxuy, has secured $7M in Pre-A funding from a range of investors including Binance Labs, Matrix Partners, and GBV Capital. The funds will be used to facilitate low-cost transactions of various assets across different blockchain networks. Uxuy, which is incubated by Binance Labs, aims to provide users with a seamless trading experience.

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