Composable Finance has secured $7 million in funding from leading blockchain investment firms to develop cross-chain and cross-layer composability solutions for the decentralized finance space
DeFi Interoperability Protocol Composable Finance Raises $7 Million to Enable Cross-Chain and Cross-Layer Processing
BERLIN, GERMANY / ACCESSWIRE / June 1, 2021 / Composable Finance, a new protocol developing a cross-layer, cross-chain interoperability infrastructure, has announced a $7 million raise led by Advanced Blockchain AG and Rarestone Capital, with participation from Divergence Ventures, New Form Capital, DFG, Maven 11, 4SV, Hypersphere Ventures, Blockchain Capital, PNYX Ventures, CMS Holdings, Alameda Research, SOSV, Spartan Group, LedgerPrime, LongHash Ventures, Cluster, and Pluto Digital Assets.
Composable Finance was developed to resolve the current problem of a lack of cohesion between different decentralized finance (DeFi) protocols. The solution is Composable s dual-pronged solution for interoperability, which includes a hyper liquidity infrastructure layer for DeFi assets that will be powered by both layer 2 on Ethereum and Polkadot. Composable s cross-chain appr
DGAP-News: Advanced Blockchain AG / Key word: Cryptocurrency / Blockchain/Expansion
Advanced Blockchain AG helped to incubate and invested US USD2 million in Composable Finance alongside Rarestone. | June 1, 2021
News
The University of Wyoming is allocating $4 million to running nodes and staking at least three cryptocurrencies.
The news was shared to Twitter on April 28 by Caitlin Long, a Wyoming Blockchain and Fintech Select Committee appointee and founder of Avanti Bank & Trust a local bank servicing the digital asset sector.
NEWS NOT REPORTED YET: State of #Wyoming appropriated $4m for nodes/staking in at least 3 cryptocurrencies, run by Univ of Wyoming. This kickstarts program where gains from this pool, if matched by private donations, go to fund UWyo! @rothfusshttps://t.co/LDul3iGtS4pic.twitter.com/KxFVm5YhLp Caitlin Long (@CaitlinLong ) April 28, 2021