Galaxy Digital and IOSG led a $4.3 million funding round for C | Top DeFi
Galaxy Digital and IOSG led a $4.3 million funding round for Centrifuge
Centrifuge, a blockchain startup focused on raising real-world assets in decentralized finance (DeFi), has received $4.3 million to further grow its business through a "secure future token agreement" (SAFT) round.
In the SAFT round, the company sells the rights to future tokens, which will not be released until a key goal, such as launching the platform, is achieved.
The startup intended to build a bridge between real assets and DeFi through an asset tokenization process known as Tinlake, a business that the company said could attract "trillions in value" from traditional finance.
The firm believes that non-transferable tokens (NFTs) can be aggregated and sold to investors.
DeFi follows the idea of rebuilding the infrastructure of financial services and moving it into a fully decentralized structure, removing the need for third parties such as companies and governments. ...
