Meow, a platform that provides institutional and corporate investors with a compliance bridge to participate in cryptocurrency investment opportunities, today announced that the company has raised $5 million in seed funding. Coinbase Ventures, Gemini Frontier Fund, Lux Capital and other companies such as Jump Capital, Slow Ventures, Shine Capital, Castle Island Ventures, Acrylic and others participated in this round of financing.
So far, corporate finance departments have lacked a compliant and user-friendly way to provide cash to participate in crypto investment opportunities. Meow seeks to eliminate the need for complex crypto wallets and establish a direct and compliant bridge between institutional investors and the proceeds of the crypto market. The company plans to provide direct access to the Decentralized Finance (DeFi) protocol for cryptographic benefits.
“Corporate Treasury Departments are usually more cautious and prudent investors. They will be able to directly use the most trusted digital trading platforms and agreements in cash, which may bring them cash returns that are currently idle in their savings accounts,” Said Brandon Arvanaghi, co-founder and CEO of Meow. “Meow ensures that the company’s Treasury Department complies with SEC standards and has access to emerging cryptocurrency opportunities, which is what they have been quietly asking for, and now opens the door for Wall Street to participate confidently.”
In order to provide compliant investment for corporate wealth, the Meow platform will provide some protection against inflation risks and provide crypto-source income in fiat currency (USD). Enabling corporate investors to interact with the DeFi agreement in the form of cash is their established way of operating and will provide a user-friendly, compliance-first, sustainable and long-term method for participating in emerging crypto investments and potential benefits.