Fixed-income platform Strips Finance raised $2.5 million in se | Top DeFi

Fixed-income platform Strips Finance raised $2.5 million in seed round

Strips Finance, a decentralized fixed-income trading platform, has completed an initial $2.5 million round led by Crypto.com Capital, Finlink Capital and Mechanism Capital. DeFiance Capital, Pnyx Ventures, DeFi Alliance, Magic Ventures and Darren Lau participated in the investment.

According to the developers, the idea for Strips Finance came out of frustration over the lack of interest rate trading products at DeFi, so they aim to create the largest fixed income trading platform.

According to the developers, Strips Finance will be a global decentralized fixed income trading platform.

Strips is at the forefront of startups looking to capitalize on historical changes in decentralized fixed-income market preferences.