Spartan Capital Invests in DeFi Protocol Pendle in a Follow-on Funding Round In a strategic move to boost the burgeoning landscape of decentralized finance (DeFi),
Spartan Capital has announced its continued commitment to Pendle Finance through an over-the-counter (OTC) acquisition.
As revealed in a Medium post on November 9,
this new investment underscores the venture capital (VC) firm’s strong belief in Pendle’s innovative approach to the on-chain yield market. Prior to this move,
Spartan Capital has been a pioneering supporter of Pendle Finance, advocating for its objectives since its debut in 2021. The VC also pointed out the huge popularity of interest rate derivatives. These are financial contracts tied to interest rates or assets with interest. They have
an enormous value, reaching hundreds of trillions each year, and play an important role in the traditional financial market. Pendle Finance has solidified itself as a clear leader in the Liquid Staking Derivatives and LSDfi development, with the latest utility integration, including Real-World Assets (RWA). The company’s role in bridging these tools
into the DeFi ecosystem is an indicator of the interest rate derivative sector maturity and potential growth trajectory. On a closing note,
Kelvin Koh, the Managing Partner of Spartan Capital, stated that the convergence of Liquid Staking Derivatives and Real World Assets provides an exceptional landmine for the DeFi sector.
