BitFi Launches $50 Million Seed Round with Major Investors
TL;DR
BitFi's seed round fundraising with a $50 million valuation gives investors the opportunity to capitalize on the transformative potential in the CeDeFi field.
BitFi combines centralized and decentralized financial solutions to maximize the yields of multiple assets, offering secured staking yield and multiple layers yield generation.
BitFi's vision aligns with fostering advancements in blockchain technology, providing a superior experience, and offering maximized returns to BTC holders, making the world a better place for cryptocurrency enthusiasts.
BitFi reached a peak Total Value Locked of US$400 million in just one month after its early access launch, showcasing its rapid growth and potential for the future.
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BitFi, a pioneering CeDeFi platform, has kicked off its seed round fundraising with a $50 million valuation, attracting significant investments from notable firms such as Fundamental Labs, IBC Group Ventures, CGV FoF, TyreGate Capital Group, and Citizen Journalism Network Accelerator (CJNA). The platform, founded by Liu Han, former co-founder and CTO of Ascendex Exchange, has already demonstrated strong performance, achieving a peak Total Value Locked (TVL) of $400 million within a month of its early access launch on June 25th.
BitFi aims to revolutionize the financial landscape by merging the best elements of centralized and decentralized financial solutions. The platform leverages multi-chain adaptability and sophisticated off-chain trading strategies to provide secured staking yields and multiple layers of yield generation. Led by a team with extensive Wall Street experience and deep expertise in quantitative trading, BitFi offers consistent, low-risk returns through neutral quantitative strategies, passive yields on multi-chains, and BitFi platform-specific rewards. This comprehensive approach positions BitFi as a premier choice for BTC holders seeking optimized returns and secure asset management solutions.
Eric Yang, Managing Partner of Fundamental Labs, stated, "This investment is based on BitFi's transformative potential in the CeDeFi field. We believe BitFi will be a game-changer in the Bitcoin CeDeFi ecosystem. With a seasoned and experienced team at the helm, BitFi is poised to address the evolving needs of BTC holders, offering them a superior experience and maximized returns."
Mario Nawfal, Founder of IBC Group, expressed similar confidence, saying, "BitFi's vision aligns seamlessly with our commitment to fostering advancements in blockchain technology. We are confident that our investment, industry-leading marketing capability, and top-tier KOL resources will propel BitFi to new heights in CeDeFi."
BitFi's innovative approach and the strong backing from prominent investors highlight its potential to significantly impact the CeDeFi landscape. By offering advanced financial solutions and robust asset management strategies, BitFi is set to attract BTC holders and other blockchain enthusiasts looking for optimized returns and secure investment opportunities.
Curated from BlockchainWire
