The Singapore-headquartered firm will investere i NFT-er, Web 3, and fintech projects. According to a recent press release sent to CoinDesk, CakeDeFien crypto fintech platform based in and regulated in Singapore with over $1 billion in managed customer assets, has spent $100 million of its own money to launch the new CakeDeFi Ventures (CDV) investeringsarm.
CakeDeFi beskriver seg selv som en "one-stop" desentralisert finansplattform som lar brukere kjøpe, låne ut og satse kryptovaluta, blant andre tjenester som kunder kan ha behov for.
According to a statement from the firm, CDV will focus on investing in tech startup firms such as Web 3, the metaverse, non-fungible tokens, gaming esports, and in areas of fintech, where Cakes’s primary business lacks exposure.
Co-grunnleggerne of the firm, CakeDeFi CEO Julian Hosp og Chief Technical Officer U-Zyn Chua, will lead and administer CDV operations.
“We’re a [Bedrift til forbruker] platform that’s centered around providing easy cash flow for our customers,” said Hosp in an interview with CoinDesk. “So the thesis for the fund is mainly to look for projects and companies where we can have a symbiosis,” further added Hosp.
“As an extension of our multiple blockchains supports and having built up an R&D arm with cryptography, deep tech capability, and specialization, investing in companies that bring synergies to Cake DeFi’s core business will allow us to enhance our Web 3 offerings," sa U-Zyn Chua i pressemeldingen.
Fondet skal gi investeringsbedrifter penger, kompetanse og flere bransjeforbindelser. Likevel sa Hosp at fondet ville ta en hands-off tilnærming angående operasjonelt ansvar og styreplasser.