BitFi Kicks off Seed Round with Fundamental Labs, IBC Group as Anchor Investors
25 Julio 2024 - 1:12PM
BitFi, a pioneering CeDeFi platform announces the launching of a
seed round fundraising with a $50 million valuation. The
confirmed investors include Fundamental Labs, IBC Group
Ventures,CGV FoF, TyreGate Capital Group, and Citizen Journalism
Network Accelerator (CJNA). The platform was founded by Liu Han,
former co-founder and CTO of Ascendex Exchange. After its early
access launch on June 25th, the platform reached a peak Total
Value Locked (TVL) of US$400 million in just one month.
BitFi combines the best parts of centralized and decentralized
financial solutions to maximize the yields of multiple assets, like
BTC, for its users. By leveraging multi-chain adaptability and
sophisticated off-chain trading strategies, BitFi offers secured
staking yield and multiple layers yield generation. Led by a team
with a proven Wall Street background and deep expertise in
quantitative trading, BitFi provides consistent, low-risk returns
through neutral quantitative strategies, passive yields on
multi-chains, and BitFi platform-specific rewards. This
comprehensive approach positions BitFi as the premier selection for
BTC holders seeking optimized returns and secured asset management
solutions.
"This investment is based on BitFi’s transformative potential in
the CeDeFi field," said Eric Yang, Managing Partner of Fundamental
Labs. "We believe BitFi will be a game-changer in the Bitcoin
CeDeFi ecosystem. With a seasoned and experienced team at the helm,
BitFi is poised to address the evolving needs of BTC holders,
offering them a superior experience and maximized returns."
“BitFi's vision aligns seamlessly with our commitment to
fostering advancements in blockchain technology. We are confident
that our investment, industry-leading marketing capability, and
top-tier KOL resources will propel BitFi to new heights in CeDeFi”
expressed Mario Nawfal, Founder of IBC Group.
BitFi invites investors, blockchain enthusiasts, and strategic
partners to join them in shaping the future of CeDeFi. For more
information about BitFi and the latest updates, please follow BitFi
on X.
About BitFi:Bitfi is a leading CeDeFi platform
that combines secure staking mechanisms with innovative synthetic
assets to create a robust and dynamic ecosystem. By leveraging
cutting-edge blockchain technology and comprehensive quantitative
strategies, Bitfi is committed to optimizing user returns safely
and efficiently across multiple blockchains.
About Fundamental Labs:Fundamental Labs is a
leading blockchain and cryptocurrency investment firm dedicated to
supporting and investing in innovative projects shaping the future
of decentralized finance. With a track record of successful
investments (such as Coinbase, Binance, Polkdot, etc), Fundamental
Labs is committed to driving the growth and adoption of blockchain
technology.
About IBC Group:IBC Group has been a pioneer of
cutting-edge growth hacking principles in the crypto space for the
last 5 years. Since then IBC Group has successfully navigated its
way through multiple bull and bear cycles, built up a wealth of
experience and top-tier KOL resources, and is now one of the
leading VC/Accelerator/Incubators in the space.
About CGV:CGV (Cryptogram Venture) is a crypto
investment firm headquartered in Tokyo, Japan. CGV and it’s
predecessors invested more than 200 crypto projects since 2017.
CGV’s investment mainly focused on Infrastructure, AI, DePIN as
well as Bitcoin ecosystem. It also incubated a licensed Japanese
yen stablecoin JPYW. Currently CGV has branches in Hong Kong,
Singapore and Toronto.
About TyreGate Capital Group:TyreGate Capital
Holdings, LTD, was founded in February 2017. TyreGate is a wholly
owned Principal Holding Company that combines a Family Office with
a Private Equity and Activist Public Equity Asset Management
Corporation that may be appointed to act under specific private
mandates from investors (individuals or pooled investment vehicles)
in private placements and other advisory services.
The TyreGate group, founded by a team of investment
professionals, advocates and support staff, is led by both a
Management Board and Investment Committee, and advised by an
Advisory Board. Currently, TyreGate investments span across all
sectors, in a mix of publicly listed and private securities,
diversified Private Equity Funds, as well as currencies and
commodities.
About CJNA:The first community-led Accelerator,
built by the largest media company on X and the fastest growing
globally in 2024. Led by a top team with extensive investing and
operating experience composed of some of the most influential
figures in citizen journalism and blockchain.
Annie Liu
annie.liu(at)bitmart.com