VC roundup: Centrifuge, Crypto Valley Exchange, Nebra lock in funding roundsVenture capital (VC) investors kept busy this past week as Centrifuge, Crypto Valley Exchange and Nebra all clinched new rounds of funding.
Crypto Valley Exchange
The $7-million funding round consisted of pre-seed and seed rounds. Fabric Ventures and Kyber Capital Crypto Fund co-led the effort.
Crypto Valley Exchange also drew support from notable backers like AMDAX, Wave Digital, Funfair Ventures, and the Seier Capital Family Office, among others.
CVEX is set to offer a decentralized exchange (DEX) catering to crypto enthusiasts, aiming to provide transparent and cost-effective futures and options trading. One of its features includes specialized bid-offer dynamics that the company hopes will work better than existing trading platforms.
Regarding its upcoming mainnet launch, scheduled for this summer on Arbitrum (ARB), CVEX stated it will include enhanced trading features compatible with user wallets across Ethereum (ETH), Optimism (OP), and Solana (SOL).
Centrifuge
In other funding news, Centrifuge, a leading platform for on-chain finance, also announced a substantial $15 million Series A funding round.
The round, which was oversubscribed and supported by a diverse array of investors, is considered a pivotal moment for Centrifuge’s journey toward establishing itself as the go-to platform for real-world asset (RWA) tokenization.
Centrifuge plans to launch an institutional-grade lending market for RWAs on the Base layer-2 network, which it also plans to integrate with Coinbase Verification.
According to the company, the initiative is meant to enable swift and secure onboarding for institutions seeking exposure to real-world assets, and it will also provide instant liquidity and lending options against asset holdings.
Nebra
Blockchain and zero-knowledge proof (ZKP) research platform Nebra made headlines after securing $4.5 million in investment in their pre-seed and seed rounds.
