DeFi-focused Fintech platform, Cake DeFi, has launched its company enterprise section and has earmarked $100 million in preliminary capital funding. Its company enterprise arm, Cake DeFi Ventures (CDV), will lead Cake DeFi’s investments in startups. initiatives can apply for funding by sending challenge particulars to: [email protected]
The corporate focuses on investments within the Web3 and Metaverse markets. It’s primarily targeted on investments in NFTs, e-sports, gaming and Fintech. Notably, CDV will pitch its nest vast, even focusing on startups exterior its native Singapore.
Startups becoming a member of the CDV portfolio can achieve entry to a wide range of merchandise, connections, sources and a powerful consumer base due to Cake DeFi. They’ll additionally rely on the corporate’s sources, due to its standing because the fastest-growing DeFi challenge in Southeast Asia. As well as, the corporate is led by a good crew with nice affect on the blockchain ecosystem.
Co-founders Dr Julian Hosp, CEO, and U-Zyn Chua, CTO, have an enviable monitor report and expertise in blockchain. dr. Hosp is an achieved blockchain entrepreneur and influencer with over 1,000,000 followers throughout numerous channels. Likewise, U-Zyn is a blockchain engineer with over a decade of expertise designing, growing and investing blockchains.
Commenting on the launch of CDV, Julian Hosp, co-founder and CEO of Cake DeFi, confirmed that the corporate will present the required help to its companions. He added that the corporate’s VC arm would assist it advance the mass adoption of cryptocurrencies and blockchain know-how.
By launching Cake DeFi Ventures, we try to convey cryptocurrency and blockchain capabilities to the world.”
Julian Hosp, co-founder and CEO of Cake
About Cake DeFi
Cake DeFi is a Singapore-based regulated world Fintech platform with over $1 billion in consumer belongings beneath administration. It permits the rising consumer base of greater than 500,000 registered customers to profit from their investments in digital belongings within the type of recurring money circulation.
The product line contains loans, liquidity mining, freezer and strike. The corporate additionally plans so as to add a mortgage function to its product line within the first quarter of 2022.