BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche BENQI BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche NEWARK, N.J., April 14, 2021 (GLOBE NEWSWIRE) — BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and The Spartan Group. Other backers were Morningstar Ventures, Vendetta Capital, TRGC, Genesis Block, Woodstock and Rarestone alongside Ava Labs and leading liquidity provider Skynet Trading.