Funding Roundup: Derivatives and Defi Draw a Fresh Influx of VC Firms and Private Investors

Tuesday 04 May 2021, 10:00 PM AEST - 1 week ago

As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to stake their money has increased significantly. Leveraging this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors, shaping a new era of decentralization.

Globe DX Successfully Closes Fresh $18 Million Funding Round

A new derivative exchange, Globe Derivative Exchange (Globe DX), has successfully closed its recent seed funding round. Backed by top-class blockchain VCs such as Pantera Capital, Y Combinator, CMT Digital, Draper Dragon, Wave Financial, Republic Crypto, and Okex, Globe DX closed the private round, raising a total of $18 million.

Derivatives spearhead the crypto exchange ecosystem, accounting for a large share of the total revenue generated by crypto businesses. Thanks to a platform loaded with unique features, Globe DXs recent pre-sale attracted massive participation from VCs.

With more than 200 strategic partners backing the platforms ecosystem, Globe DX has already fashioned a capable platform. It offers exposure to the Crypto Volatility Index, includes all features traders demand from a global derivatives exchange platform, and is designed to attract novices alongside seasoned crypto traders.

BENQI Adds $6 Million From Advisors and External Investors

Decentralized finance (defi) projects are drawing in a lot of venture capital money, and the newest project to successfully close its seed funding round is BENQI. The company has successfully raised $6 million from investors and is now preparing to start its much-awaited ICO.

Led by Ascensive Assets, the funding round attracted some of the biggest names in Defi and venture capital, including Mechanism Capital, Market Across, Spartan Group, Dragonfly Capital, Morningstar Ventures, Ava Labs, Arrington XRP Capital, and many more.

BENQI introduced an Avalanche-based decentralized noncustodial liquidity protocol to enable users to lend, borrow, and earn from digital assets efficiently. With the funding secured, BENQI will roll out its protocol on the mainnet in May 2021 and add token pools in the coming days. As the defi ecosys ...

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