DeFiner bags investment from crypto investor SNZ Holdings

Decentralised finance network DeFiner has received an investment from SNZ Holding, a crypto fund created by a group of blockchain evangelists.

The deal will see DeFiner leverage the SNZ expertise and support to refine its protocols on its non-custodial digital asset platform.

DeFiner is a decentralised finance network for crypto savings, loans and payments. Through the use of blockchain technology, the company enables users to lend, borrow and earn digital assets within a global network.

DeFiner CEO Jason Wu said, “This investment positions DeFiner further into the heart of the DeFi space, in an expanded community of investors and developers, providing innovative solutions within the blockchain industry.

“There have been several security incidents emerging from the DeFi boom during 2020, and DeFiner will use the support of its investors to continue monitoring the health of our savings and lending protocols.”

Earlier in the year, SNZ Holdings contributed to the $600,000 funding round of cryptocurrency startup Bifrost.

Copyright © 2020 FinTech Global

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