Nimbus Capital Invests $10M in Alvara Protocol to Revolutionize Asset Management in DeFi
21 Octubre 2024 - 12:00PM
Nimbus Capital has committed $10 million in funding to the growth
and development of Alvara Protocol, a transformative platform aimed
at democratizing asset management within the DeFi space.
Built on the newly developed ERC-7621 token standard,
co-authored with tech partner Troon Technologies, Alvara Protocol
introduces an innovative tokenized basket factory that streamlines
and simplifies basket management, making it more accessible for all
users.
As a private investment group specializing in financing
transformative change and dynamic growth, Nimbus Capital
strategically invests in innovative organizations across the globe.
Their recent commitments include a €25 million equity investment in
HUI and their VC 3.0 Super App, along with a £20 million investment
in Leeton Holding Ltd, a global leader in recovering high-value
ingredients from vegetable waste and botanical products.
Additionally, Nimbus has pledged to utilize Alvara’s
institutional side-chain, tailored to meet the needs of traditional
asset managers and institutions, complete with KYC facilities for
accredited investors.
“Alvara is uniquely positioned to capitalize on a major growth
opportunity in decentralized finance. With an impressive management
team, cutting-edge technology like the ERC-7621 Basket Token
Standard, and the ability to democratize fund management, they’ve
built a platform that is both innovative and scalable. This
$10 million capital infusion is a strategic decision, as Alvara’s
transparent, decentralized approach and early traction, bolstered
by Troon’s tech expertise, make it a stronger and more competitive
player. This funding will help Alvara accelerate its development
and expand its impact across the DeFi space,” said Robert Baker,
Managing Partner of Nimbus Capital.
With Alvara offering a unique ecosystem that ensures complete
transparency for investors and asset managers, Nimbus Capital's
investment will further accelerate the development of intelligent
solutions that enhance the security of DeFi while providing
intuitive user experiences to a broader market.
For more information about Alvara Protocol, visit
https://www.alvara.xyz.
About Nimbus Capital
Nimbus Capital is a private investment group focused on
cross-border transactions. The group offers flexible and innovative
funding solutions to growing businesses across the globe. Nimbus
actively invests in blockchain technologies and DeFi to capitalize
on their transformative financial potential. The firm is led by
experienced managers with successful track records in the
international markets and backed by In On Capital, a boutique
wealth management firm with over USD $1.2 billion in AUM.
For more information about Nimbus Capital, visit
https://www.nimbuscapitalfund.com/.
Dominic Ryder
Alvara Protocol
dom at alvara.xyz