The newly minted Cake DeFi Ventures, will invest in gaming, Web3 and financial technology developers on behalf of its decentralised finance parent.
Singapore-based decentralised finance services provider Cake DeFi launched a venture capital unit called Cake DeFi Ventures (CDV) on Wednesday capitalised to the tune of $100m.
Founded in 2019, Cake DeFi provides services such as cryptocurrency trading and liquidity mining as well as the staking and lending of cryptocurrencies. It boasts over $1bn in managed customer assets and 500,000 registered users, following what it says was a tenfold increase in confirmed users over the course of 2021.
Cake Defi is providing…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
