1inch Network is the crypto project behind the popular decentralized exchange (DEX) aggregator 1inch app, and is looking to serve institutional customers, including banks and hedge funds. Amber Group led the Series B, which was a token funding round. Other participants include Jane Street, VanEck, Alameda Research, Celsius, Nexo, Gemini Frontier Fund, and FinTech Collective.
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1inch Network closes $175m Series B funding round
With fresh capital at hand, 1inch Network is looking to serve institutional customers, including banks and hedge funds, co-founder Sergej Kunz told The Block. To that end, the firm plans to get licensed in Europe and in the U.S., said Kunz. "First step is Europe," he said, adding that 1inch is currently exploring available regulatory opportunities in Germany, Gibraltar, and Liechtenstein.
