News

DeFi protocol Centrifuge raises $4 million in strategic round

2022/11/02 11:40

According to TheBlock, 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.
The startup’s most recent publicly announced raise occurred in February of last year and secured $4.3 million from investors that included Galaxy Digital, IOSG Ventures and Rockaway Ventures. It also announced a $3 million strategic partnership with BlockTower in May.
bullishbullishbullish1bearishbearishbearishBearishLikeShare
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Bitcoin Price Continues Recovery, Breaks Above $60,000 — What Next?

  • Ethereum developers consider splitting Pectra upgrade, eye February target

  • Image

    Bitcoin’s Enthusiasm Grows: Positive Sentiment Hits New Highs Amid Market Recovery

All Comments0LatestHot

LatestHot
noContent

No records

Related Articles

  • Image

    Bitcoin Price Continues Recovery, Breaks Above $60,000 — What Next?

  • Ethereum developers consider splitting Pectra upgrade, eye February target

  • Image

    Bitcoin’s Enthusiasm Grows: Positive Sentiment Hits New Highs Amid Market Recovery