Centrifuge, a decentralised asset finance platform, has closed a $4.3m in funding.
The round was backed by IOSG Ventures, Galaxy Digital HK Trading Limited, Rockaway, Fintech Collective, Moonwhale, Fenbushi, TRGC and HashCIB. With the support of these partners, Centrifuge hopes to leverage their knowledge to improve the platform.
The company hopes the fresh equity will help it to launch new pols, scale its operations and launch its parachain platform. Additionally, the company is looking to hire staff for its team.
Centrifuge launched its platform last year. The Tinlake platform enables asset originators to finance their assets and allow investors to invest in them.
Galaxy Digital William Nuelle said, ?DeFi will eventually need to finance the economy to fulfill its potential ?? Centrifuge is an on-ramp for the real economy to tap into DeFi liquidity. Securitization and warehousing of debt happens in a single block, lowering the cost of capital for borrowers. Centrifuge NFTs and risk tranching become the base primitive.p>
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