Cake DeFi invests $100M in new corporate venture arm targeting gaming and fintech startups

2022-3-9 16:08

Cake DeFi, Singapore-based decentralized finance (DeFi) platform, has launched a new corporate venture arm called Cake DeFi Ventures (CDV). Cake Defi has invested $100 million in the new venture targeting Web3, gaming, and fintech startups.

The new corporate venture arm shall go a long way in empowering Cake DeFi’s user base that spans over half a million registered users.

The Cake DeFi Ventures (CDV)

The CDV shall focus on investing in tech startups across the metaverse, Web3, gaming, esports, and NFTs space that will bring value to Cake DeFi’s main business. The venture shall not only focus on startups in Singapore but look for global investment opportunities.

The CDV is led by Cake Defi’s co-founder Dr. Julian Hosp, Cake DeFi’s CEO, and Cake DeFi’s CTO U-Zyn Chua. These three are the founders of Cake DeFi and the main objective of the project was to build the world’s leading investment platform for DeFi and upcoming alternative assets in Singapore.

The startups that make it to the CDV portfolio can expect to receive strong support from Cake DeFi besides being able to access the many Cake products, users, connections, and resources around the world.

Julian Hosp said:

“By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake's current status as Singapore's and Southeast Asia's fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally.”

U-Zyn Chua went ahead to add:

“As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability and specialization, investing in companies that bring synergies to Cake DeFi's core business will allow us enhance our Web3 offerings.”

Applying for funding from the CDV

To apply for funding from the new venture capital, startups should send an email to [email protected] explaining their project details.

The team at Cake DeFi will then contact the shortlisted projects.

The venture capital is also open for Venture capital firms or investment funds interested in co-investment opportunities or strategic partnerships.

The post Cake DeFi invests $100M in new corporate venture arm targeting gaming and fintech startups appeared first on Coin Journal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Defi (DEFI) на Currencies.ru

$ 0.0182135 (-17.70%)
Объем 24H $1.165k
Изменеия 24h: 74.29 %, 7d: -97.27 %
Cегодня L: $0.0182135 - H: $0.0182135
Капитализация $0 Rank 3233
Доступно / Всего 0 DEFI

defi new venture cake corporate arm fintech

Источник: coinjournal.net

defi new → Результатов: 126


Фото:

Will Ethereum’s “New Market Cycle” be Enough to Stop it From Plunging Lower?

Ethereum has seen a distinct divergence between its fundamental utility and its price action Despite seeing unprecedented usage rates, the cryptocurrency’s price action has been closely correlated to that of Bitcoin and the aggregated crypto market One prominent investor is now noting that ETH appears to be entering a new market cycle This comes as the explosively popular DeFi trend continues gaining major traction From a technical perspective, some analysts do believe that it may […]

2020-6-22 22:00


Coinbase планирует добавить токены, занимающие 20% рынка DeFi

Крупнейшая криптовалютная биржа США Coinbase объявила о возможном листинге 18 криптовалют, среди которых значимые представители сектора децентрализованных финансов (DeFi). Coinbase is exploring the addition of 18 new digital assets, some are live, some are not.

2020-6-11 11:22


Фото:

Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in Defi

Switzerland, 4th June 2020. Swiss-based crypto platform Eidoo is upgrading its native utility token into a governance token that will power a new cross-chain DAO. In a collaborative decision by Eidoo and pTokens, the $EDO token will be upgraded into $PNT later this month so that it can be used, staked and earn interest within […] The post Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in Defi appeared first on Bitcoin News.

2020-6-6 18:00


AVA Labs Integrates Chainlink’s Decentralized Oracles to Improve DeFi Dapps Development

AVA blockchain, becomes the latest platform to add Chainlink, a decentralized oracle system to its platform. The integration of Chainlink to the Dapp blockchain platform will reduce the development time and allow the creation of new products on the platform such as crypto derivatives, calculation of strike prices and triggering liquidations. In an official report […]

2020-6-3 19:33


DeFi Startup Eidoo Partners With Contis To Launch Visa Crypto Card For EU, and UK Users

Eidoo, a Swiss-based Defi startup has partnered with Europe’s principal Visa member Contis to offer Visa crypto debit cards in Europe and the United Kingdom. The new Visa crypto debit card would support Bitcoin and Ethereum while utilizing regulated stablecoins to offer crypto-to-fiat conversion to negate the volatility factor associated with crypto assets. The card […]

2020-5-27 23:25


Фото:

Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin

While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers a stablecoin token.

2020-4-22 05:06


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

MixMarvel and Yeeha Games Unveil GGI at Token2049

Galaxy Girl Interactive (GGI), a collaboration between MixMarvel and Yeeha Games, introduces an AI-powered Web3 gaming ecosystem The post MixMarvel and Yeeha Games Unveil GGI at Token2049 appeared first on NFT News Today.

CFPB Raises Concerns over Online Gaming Financial Transactions

The CFPB's report raises concerns over financial transactions in online gaming platforms. Find out how in-game currency can impact players and the gaming industry. The post CFPB Raises Concerns over Online Gaming Financial Transactions appeared first on NFT News Today.

Could Q2 Ignite the Next Blockchain Gaming Bull Run?

Explore the potential of blockchain gaming and its impact on the gaming industry. Could we be on the cusp of a bull run in this exciting new space? The post Could Q2 Ignite the Next Blockchain Gaming Bull Run? appeared first on NFT News Today.