The Centrifuge blockchain platform attracted $4.3 million in a funding round under the SAFT model. Decrypt reports.
The funding round was led by investment firm Galaxy Digital and the IOSG Ventures research fund. It also included Rockaway, Fintech Collective, Moonwhale, Fenbushi, TRGC and HashCIB.
The Centrifuge startup aims to bridge decentralized and traditional finance by creating new pools, improving the user experience, and through Polkadot-based solutions.
“It is important to start connecting blockchain with the real world so that ordinary people can benefit from decentralized infrastructure and applications. Centrifuge is taking a leading role in this direction,” said Josie Lin, co-founder and partner at IOSG Ventures.
In January Galaxy Digital participated in a funding round for Terraform Labs at $25 million, the Terra project developing a stablecoin, and launched three Ethereum funds for major investors.
Earlier in February, the blockchain project Celo attracted $20 million from a16z, Greenfield One and Electric Capital.
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