Japan / Switzerland based blockchain trading / derivatives platform raised $4m in seed funding led by Fintech Collective, GSR Markets, Protocol Labs, HOF Capital and Huobi Ventures.
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Fintech Collective leads Secured Finance's $4m seed financing
"A lack of a yield curve in DeFi results in wildly variable utilization based rates that lead to a lack of predictability and forecasting for DeFi ecosystem participants. We believe Secured Finance is building a new financial primitive that will spur further innovation around crypto interest rate swaps, forwards, and derivatives. We are excited to back such a strong team out of Asia, combining their DeFi ethos with decades of experience in institutional structured finance," said Sean Lippel, Partner and Head of Digital Assets at Fintech Collective.
