BitDAO raises USD 230 mln in private funding

Thursday 17 June 2021 10:14 CET | News

BitDAO, a decentralised autonomous organisation, has completed a USD 230 million private funding from initial partners.

The sale was led by Peter Thiel, Founders Fund, Pantera Capital, and Dragonfly Capital. Other participants in the project include Alan Howard, Jump Capital, Spartan Group, Fenbushi, and Kain Warwick of Synthetix, among a total of more than 20 institutions and DeFi projects.

BitDAO aims to promote and propel the mass adoption of Open Finance and decentralised tokenised economy. The company is putting its support behind DeFi and will allocate financial and talent resources to drive DeFi growth, funding, R&D, and liquidity. 

The firm aims to support blockchain technologies through grants (à la Gitcoin), and support existing and emerging projects through token swaps.

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Keywords: funding, DeFi, Open Finance, tokenization, blockchain
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: World
This article is part of category

Blockchain & Cryptocurrencies