Latest DeFi News: Finextra Research

Microsoft joins $450m ConsenSys funding round

Microsoft has joined a $450 million funding round for ConsenSys that values the blockchain software engineering firm at $7 billion.

16 March 2022

Company update/crypto

Cake DeFi launches $100 million venture capital arm

Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralised finance) services and applications accessible for everyone, has launched Cake DeFi Ventures (CDV), its venture capital arm with US$100 million in earmarked capital.

10 March 2022

News/devops

Finextra partners with Finastra for Hack to the Future 4

Finextra has today announced a partnership with financial services software provider, Finastra, for its annual event, Hack to the Future.

08 March 2022

News/crypto

Brazil central bank picks digital real challenge partners

Brazil's central bank has picked project proposals from nine firms - including Santander, Visa and Bitcoin Market - for a challenge investigating the development of a CBDC.

04 March 2022

News/crypto

Crypto remains divisive amid Russia's invasion of Ukraine

While the long-lasting effects of the war in Ukraine on cryptocurrency remain unknown, drastic changes across the crypto industry have been felt since Russia’s invasion began eight days ago.

04 March 2022

Company update/crypto

DeFi outfit Catalog raises $7.5m

Catalog, a Decentralized Finance (DeFi) app powering a cross-chain and multi-chain future, announces $7.5 million in new funding. Developed by Ren Labs, Catalog is the first consumer application built on the Ren blockchain.

23 February 2022

Company update/crypto

Programmable cash startup Zebec raises $15 million

Zebec, a continuous and programmable cash stream protocol on Solana, announces $15 million in new financing.

22 February 2022

News/sustainable

Climate fintech funding 3x higher than all previous years combined - CommerzVentures

According to CommerzVentures’ second report on climate fintech, venture capital (VC) funding for fintechs driving net-zero economies hit a record high in 2021.

04 February 2022

News/cloud

Google Cloud reveals DeFi ambitions with new Digital Assets Team

The cloud provider has announced that it is launching a dedicated Digital Assets Team to explore the potential of blockchain-based platforms.

28 January 2022

Company update/crypto

DeFi startup Pillow raises $3M

Pillow, a DeFi (decentralized finance) startup that helps generate yields on crypto, has raised $3M in seed funding led by Elevation Capital and a host of prominent angels, including Scott Lewis (Co-founder, DeFi Pulse), JD Kanani & Sandeep Nailwal (Co-founders, Polygon), Prabhakar Reddy (Co-founder, FalconX), and Aniket Jindal (Co-founder, Biconomy).

26 January 2022

News/crypto

Walmart prepares to step into the metaverse

Trademark filings reveal Walmart’s plans to create its own cryptocurrency and a collection of non-fungible tokens (NFTs), suggesting the retailer’s appetite to make and sell virtual goods in the metaverse.

17 January 2022

Company update/crypto

Solana portfolio and risk manager Friktion announces capital raise of $5.5m

Friktion Labs is excited to announce a capital raise of $5.5 million from Jump Crypto, DeFiance Capital, Pillar VC, Libertus Capital, Delphi Ventures, Sino Global Capital, Tribe Capital, Castle Island Ventures, Dialectic, Petrock Capital, Solana Ventures. Alongside, Friktion has brought on board a group of industry-leading derivatives traders and market makers in Genesis Trading, Alameda Research, LedgerPrime, QCP Capital, CMS Holdings, Orthogonal Trading, and GSR.

14 January 2022

News/crypto

US banks form stablecoin consortium

Five US banks have come together to launch a bank-minted alternative to non-bank-issued stablecoins.

12 January 2022

Company update/crypto

DeFinity records live cash FX trade to its permissionless layer-1 blockchain

DeFinity, an institutional digital asset ECN and DeFi marketplace for foreign exchange, digital assets and CBDC, announces the world’s first settled cash FX trade written to its permissionless layer-1 WeOwn blockchain.

12 January 2022

News/crypto

eToro expands crypto offering with Celo and The Sandbox

Social investment platform, eToro, has just announced the addition of two assets to its crypto offering: The Sandbox and Celo. This brings eToro’s offering to 42 cryptoassets.

29 December 2021

Company update/startups

Credix raises $2.5m to build DeFi credit marketplace

Credix raised a $2.5 million seed round to build an enterprise-grade DeFi credit marketplace, connecting fintechs in emerging markets with investors globally.

21 December 2021

News/crypto

Benoît Cœuré: regulators likely to agree on crypto framework in 2022 – FT

In a conversation with the Financial Times, chief of the Bank for International Settlements (BIS) Innovation Hub, Benoît Cœuré, stated that a global framework for cryptocurrency should be agreed to in 2022.

20 December 2021

Company update/markets

DeFi futures and options exchange Zeta raises $8.5m

Zeta Markets (“Zeta” or “the Platform”), a cutting-edge decentralized finance (DeFi) futures and options exchange built on Solana, today announced that it completed a $8.5M strategic funding round led by Jump Capital.

08 December 2021

News/security

Bitmart loses $100 million in DeFi hack

Crypto exchange Bitmart has become the latest DeFi firm to fall victim to a large-sacle security breach, losing an estimated $100 million and suspending all withdrawals.

06 December 2021

Company update/crypto

Dispersion launches DeFi platform for crypto investors

Dispersion (AQSE: DEFI), an incubator specialising in decentralised finance ("DeFi"), is pleased to announce today’s launch of AQRU, an innovative platform which enables simple access to the competitive crypto yields available in DeFi.

01 December 2021