Post by habibkhan21 on Mar 6, 2024 22:31:37 GMT -5
Founders Fund and Panthera invest $20 million in Ondo Finance, aiming to establish decentralized investment banking Ondo Finance Raises $20 Million Series A Funding Round to Accelerate Decentralized Finance (DeFi) Adoption Among Mainstream Investors The latest round of funding was led by Founders Fund, a venture capital firm founded by Peter Thiel, and Pantera Capital. The funds raised will allow Ondo to build its team and support new product launches and multi-chain expansion.
Other strategic investors joining the Greece Phone Number round include Coinbase Ven. Gers (Coinbase Ventures), GoldenTree, Wintermute Wintermute, Steel Perlot, (Michelle Ritter/Erik Schmidt), Tiger Global and Flow Traders Ondo Finance is establishing a decentralized investment bank focused on building relationships with stakeholders in the emerging DeFi ecosystem, including decentralized autonomous organizations (DAOs), institutions, and retail investors. For the company's first product The company has broken new ground for decentralized structured notes.
(decentralized structured products) that offer a choice between downside protection and higher returns The company has also quickly expanded to other use cases, such as liquidity services (LaaS), which pairs DAOs with underwriters. To create liquidity for DAO tokens, users can easily trade tokens on decentralized exchanges. Ondo has partnered with over 10 DAOs, including Terra, Frax and Fei, and has seen over $200 million in liquidity deposited in the protocol. And with rapid growth within the community and widespread product adoption, Ondo is therefore ready to begin decentralizing its management with the launch of the ONDO token and associated DAO. “We are pleased to see that Ondo's community protection and liquidity services are in demand in the market.
Other strategic investors joining the Greece Phone Number round include Coinbase Ven. Gers (Coinbase Ventures), GoldenTree, Wintermute Wintermute, Steel Perlot, (Michelle Ritter/Erik Schmidt), Tiger Global and Flow Traders Ondo Finance is establishing a decentralized investment bank focused on building relationships with stakeholders in the emerging DeFi ecosystem, including decentralized autonomous organizations (DAOs), institutions, and retail investors. For the company's first product The company has broken new ground for decentralized structured notes.
(decentralized structured products) that offer a choice between downside protection and higher returns The company has also quickly expanded to other use cases, such as liquidity services (LaaS), which pairs DAOs with underwriters. To create liquidity for DAO tokens, users can easily trade tokens on decentralized exchanges. Ondo has partnered with over 10 DAOs, including Terra, Frax and Fei, and has seen over $200 million in liquidity deposited in the protocol. And with rapid growth within the community and widespread product adoption, Ondo is therefore ready to begin decentralizing its management with the launch of the ONDO token and associated DAO. “We are pleased to see that Ondo's community protection and liquidity services are in demand in the market.