DeFi

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/crypto

21.co becomes largest Swiss crypto unicorn with $25m raise

21.co, the world’s leader in providing access to crypto through simple and easy to use products, today announced a $25 million round led by Marshall Wace. This round values the business up to $2 billion, making 21.co Switzerland’s largest crypto unicorn. With this round of financing, 21.co will continue to drive rapid, targeted growth through first-of-their-kind products, key market expansions and strategic talent acquisitions. Other investors in the round include Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners.

/crypto

Crypto exchange Bybit to list Okse digital wallet

Bybit, the third most visited cryptocurrency exchange in the world, will list OKSE, the utility token of Okse Card and Okse Wallet, on Bybit Launchpad 2.0.

/wholesale

Maven 11 launches permissioned pool with Maple Finance

Maven 11 has launched a Permissioned Pool, together with Maple Finance. The initial pool size is $ 40 million in USD Coin (USDC) with an attractive risk-adjusted return to investors. Initial participants for the new pool are Flow Traders, Wintermute and Auros.

/crypto

Paystand acquires Mexican peer Yaydoo

Paystand, the leader in blockchain-enabled accounts receivable and B2B payments, today announced the acquisition of Yaydoo, the leader in accounts payable, cash flow management, and liquidity solutions in Mexico and LATAM.

/crypto

Bitso and Mexican Football Federation launch NFT jerseys

Bitso, the leading cryptocurrency platform in Latin America with more than 5 million users, and the Mexican Football Federation (FMF) launched the first collectible NFT of the Mexico National Team’s jerseys that was acquired in cryptocurrencies.

/retail

Vantage launches social trading network for its trading app

Vantage, the multi-asset trading platform for retail and professional traders, today announces the launch of its new social trading product, V Social.

/crypto

Quickbit and Aqru team up for DeFi promotion

AQRU plc, an incubator specialising in decentralised finance (DeFi), announces today that its wholly owned subsidiary, Accru Finance Ltd., has entered into a partnership with Sweden’s paramount crypto company Quickbit eu AB (publ), to bring its yield-generating products to a wider audience.

/people

Prontoblock appoints CFO

Prontoblock, today announced the appointment of Kelley Millet as the company's Chief Financial Officer and Board Member, effective July 15, 2022.

/startups

Decentralised lending platform Morpho raises $18 million

Today, we are thrilled to announce that Morpho has raised $18M from a16z Crypto and Variant, with participation from 80 additional investors, including advisors, founders, builders, and power users.

/security

SDX Web3 to collaborate with Fireblocks

SIX Digital Exchange’s Web3 dedicated unit, SDX Web3 Services, announces a strategic collaboration with Fireblocks, the award-winning digital asset and crypto technology platform, to provide financial institutions and institutional investors with a set of infrastructure services for the distributed economy.

/crypto

Wirex to offer crypto-backed credit

Wirex, the leading payments platform, has launched Wirex Credit, offering highly competitive interest rates and no origination fee for crypto-backed loans. Users can easily borrow up to $100,000 in stablecoins, with a loan to value (LTV) of up to 80% within the Wirex app.

/retail

Jungle Ventures leads $10m series A in trading platform MarketWolf

Fintech stock trading platform MarketWolf announced a $10M Series A fundraise led by Jungle Ventures and Dream Capital. Existing investors and others including 9Unicorns, iSeed, Crescent and Riverwalk, also participated in the round. This brings the total capital raised by the company to $17.4M since inception. MarketWolf intends to use this fresh round of funding for building out its product suite and to hire top talent across product, marketing and engineering functions.

/payments

Ephelia Capital buys stake in blockchain-based streaming company

Ephelia Capital, a Swiss-based financial hub for Professional Investors, Entrepreneurs and Financial Institutions, today announces it has taken a majority stake in financial asset streaming fintech Streamable Finance.

/devops

MAS launches 2022 global fintech 'Hackcelerator' on Web 3.0 and green finance

The Monetary Authority of Singapore (MAS) announced today the launch of the 7th edition of the Global FinTech Hackcelerator, with the theme “Accelerating A Greener Digital Future”.

/crypto

AQRU.io surpasses $50 million in assets under management

AQRU plc, an incubator specialising in decentralised finance (DeFi), announces today that its wholly owned subsidiary, Accru Finance Ltd., has surpassed US$50 million in assets under management and 20,000 user signups on its proprietary yield-generating platform, AQRU.io. The milestone was achieved only five months since the platform’s launch and 39 days after the company announced that it reached around US$20 million (£16.5 million) in assets under management.

/people

RegTech startup ALT/AVE appoints new advisory board members

London-based RegTech startup ALT/AVE has today announced three major appointments to its Advisory Board and a funding boost of more than half a million pounds.

/startups

DeFi and Web3 outfit Argent raises $40m

To accelerate its mission to build one app for all things DeFi and Web3, Argent has today raised $40m in Series B funding.

/regulation

Abu Dhabi regulator issues DeFi discussion paper

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued a discussion paper on DeFi, in order to engage with industry practitioners and other stakeholders to explore the potential opportunities arising from DeFi, associated risks and what a future regulatory framework may resemble.

/startups

RociFi raises $2.7m

RociFi, a decentralized zero and under-collateralized lending protocol, has announced completing a seed funding round of $2.7 million USD (closed in November 2021) from Arrington, Goldentree, Nexo, LD Capital and Skynet Trading.

/crypto

Stablecoin cross-border payment network Arf announces credit line

Traditionally, when a money service business (MSB) wants to send money from one country to another, it has to prefund the same amount in the receiving country, bringing about tied capital, high opportunity cost, and operational inefficiencies. What's more, since cross-border transactions are often considered risky, access to credit has always been a major problem for MSBs.

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