Fabric Ventures and Kyber Capital Crypto Fund co-led the effort to support Crypto Valley Exchange (CVEX). Notable backers like AMDAX, Wave Digital, Funfair Ventures, and the Seier Capital Family Office also contributed to the funding round, which was oversubscribed and had a diverse array of investors.
The aim of CVEX is to offer a decentralized exchange (DEX) that caters to crypto enthusiasts and provides transparent and cost-effective futures and options trading. One of its key features is specialized bid-offer dynamics that the company hopes will outperform existing trading platforms.
The funding round is considered a pivotal moment for Centrifuge’s journey to establish itself as the go-to platform for real-world asset (RWA) tokenization. According to Centrifuge, the initiative is designed to enable swift and secure onboarding for institutions seeking exposure to real-world assets, while also providing instant liquidity and lending options against asset holdings.
Nascent and Bankless Ventures led the charge in the funding round for Nebra, which included participation from several angel investors, including Tim Beiko, Kartik Talwar, and Nick White, among others. The organization hopes that the infusion of capital will help it create a “shared settlement layer” for web3.
According to Nascent co-founder Dan Elitzer, Nebra is pioneering a groundbreaking approach to bringing economies of scale to blockchain settlements. Elitzer likened Nebra’s approach to advancing blockchain ZKP settlements to the innovative resource aggregation seen in major technology companies like Google and Uber, which revolutionized their respective fields.