Clearpool raises $3 million to create decentralized capital ma | DeFI News & Alerts

Clearpool raises $3 million to create decentralized capital markets

Clearpool, a decentralized capital markets ecosystem, has received $3 million in funding from a number of prominent crypto investors to pursue its decentralized finance (DeFi) ambitions, allowing institutions to borrow unsecured liquidity.

According to a press release issued by CoinDesk on Tuesday, the project is being incubated by digital asset custodian Hex Trust, which will provide custody and compliance services such as Know Your Customer (KYC) checks and transaction monitoring for Clearpool borrowers.

The new infusion of capital will seek to advance the project's protocol while launching additional features such as decentralized credit derivatives.

The funding came through major players: Arrington Capital, GBV Capital, HashKey Capital, Hex Trust, Sequoia Capital India, Sino Global Capital and Wintermute.