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News by FinTech Collective Archive

Centrifuge raises $15m in Series A funding for institutional DeFi adoption

Sarah Wolter

April 17, 2024

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Sarah Wolter

Congrats to portfolio company Centrifuge on the announcement of their Series A, led by ParaFi Capital and Greenfield. The company plans to build an institutional-grade, decentralized finance lending market for RWAs, built on Coinbase's Base layer 2 and integrated with Coinbase Verification.

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"DeFi has always been about accessibility, transparency and interoperability, making markets more open, fair and decentralized, and we’re bringing these innovations to institutions in a compliant and safe way," Centrifuge co-founder Lucas Vogelsang said.

https://www.theblock.co/post/288846/centrifuge-raises-15-million-in-series-a-funding-for-institutional-defi-adoption

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