Pantera Capital and Arrington XRP Capital led Unbound Finance’s US$5.8 million financing

Cryptocurrency asset management companies Pantera Capital and Arrington XRP Capital jointly led Unbound Finance’s $5.8 million private investment, which is a budding company. Go to financial institution Financial agreement for pooled tokens.

The company announced on Wednesday that these funds will be used to further develop Unbound Finance’s cross-chain stablecoin platform, including the development of a native bridge for instant transfers between its native UNB stablecoin and other synthetic assets.

Unbound Finance operates a so-called “liquidation-free mortgage platform”, which, as the name suggests, allows users to obtain interest-free loans with mortgage tokens.

Automated market maker is “DeFi’s zero-to-one innovation, we are building an aggregator layer to achieve higher returns [and] Said Tarun Jaswani, CEO and founder of Unbound Finance.

There are serious supporters behind Unbound Finance’s $5.8 million financing. In addition to Pantera Capital and Michael Arrington’s XRP Capital, the project also received direct funding from Hashed, Coin98 Ventures, LedgerPrime, CMS Holdings, and many other companies. More than a dozen angel investors also participated in the financing, including the founders of Angelist, Enjin, Gnosis, Kyber Network, Polygon, Harmony, and Polkastarter.

Dan Morehead, CEO of Black Panther Comment on the possible impact of Unbound Finance on the emerging DeFi industry:

“By focusing on liquidity pool tokens, Unbound has great potential to play a leading role in the DeFi space. We are excited to support the Unbound team because they have built key tools to take advantage of this unaffected part of the DeFi ecosystem. “

A kind Punish the reversal of the digital asset market The past six weeks have not prevented venture capital firms from supporting promising projects, especially in the DeFi field.As reported by Cointelegraph, crypto and blockchain-based companies are Seek large-scale valuation After several rounds of very successful private financing.

At the same time, the blockchain development department behind Solana announced on Tuesday that it has Raised another $314.5 million From large investors including Andreessen Horowitz and Polychain Capital.