Alphabit Fund Buys $5 Million of PLU to Build Bridge between DeFi & Cefi May 6 2021 · 18:16 UTC by Julia Sakovich · 4 min read Photo: Plutus / Instagram You have successfully joined our subscriber list. Plutus recently raised $5 million from a prominent crypto fund Alphabit via a token acquisition which puts them in a prime position for tackling this current void between centralized finance and decentralized crypto. Institutional investment – the term that crypto enthusiasts have been calling for across a 5-year span appears to have finally ignited. Whilst institutional investment still seems to be in its earlier stages, the number of large institutions developing crypto-focused products seems to be much more rampant, especially amongst payment providers and neo-banks.