Venture capital (VC) investors were busy last week as Centrifuge, Crypto Valley Exchange, and Nebra secured new funding rounds.
crypto valley exchange
The $7 million funding round consisted of a pre-seed round and a seed round. Fabric Ventures and Kyber Capital Crypto Fund jointly led the effort.
Crypto Valley Exchange also received support from notable backers including AMDAX, Wave Digital, Funfair Ventures, and Seier Capital Family Office.
CVEX intends to provide a decentralized exchange (DEX) that caters to cryptocurrency enthusiasts with the aim of providing transparent and cost-effective futures and options trading. One of its features is specialized bid offer dynamics that we hope will work better than existing trading platforms.
Regarding the mainnet launch scheduled for this summer on Arbitrum (ARB), CVEX will include enhanced trading capabilities compatible with Ethereum (ETH), Optimism (OP), and Solana (SOL) user wallets. said.
With nearly 160,000 users already registered for early access during the testnet phase, the team at CVEX hopes it can disrupt the landscape of the derivatives market.
We bring established risk approaches on-chain, allowing you to apply proper risk management and practical hedging strategies. This makes defi derivatives available to everyone from financial derivatives to large financial institutions, facilitating greater trading liquidity.
James Davies, CVEX Chief Product Officer
centrifugal
In other funding news, Centrifuge, a leading on-chain finance platform, also announced a hefty $15 million Series A funding round.
This round was oversubscribed and supported by a diverse group of investors, marking a pivotal moment in Centrifuge’s journey to establish itself as the go-to platform for real world asset (RWA) tokenization. It is thought that.
Centrifuge plans to launch an institutional-grade lending marketplace for RWA on its Base Layer 2 network, which it also plans to integrate with Coinbase Verification.
The company said the initiative aims to enable quick and secure onboarding for institutions seeking exposure to real-world assets, while also providing instant liquidity and financing options for asset holdings.
Nebula
Blockchain and zero-knowledge proof (ZKP) research platform Nebra has made headlines after securing $4.5 million in pre-seed and seed rounds of investment.
Nascent and Bankless Ventures led the way.
Nebra said several angel investors participated in the funding round, including Tim Beiko, Kartik Talwar and Nick White.
The group said it hoped the funding injection would help build a “shared payment layer” for web3. This layer could help reduce proof-of-settlement costs on major blockchains, including Ethereum.
Dan Elitzer, co-founder of Nascent, describes Nebra's approach to promoting blockchain ZKP payments as a way for big tech companies like Google and Uber to aggregate resources in their respective fields and change the way those sectors work. I compared it to
Just as Google revolutionized information access by aggregating internet data and Uber transformed urban mobility by aggregating transportation resources, Nebra is a new approach to delivering economies of scale with blockchain ZKP payments. We are developing
Dan Elitzer, Nacent Co-Founder
Elitzer said Nebula is pioneering a similarly innovative approach that brings economies of scale to blockchain payments.
According to PitchBook, global investors poured $2.5 billion into crypto startups in the first quarter of 2024.
