Cake DeFi launches $100 million venture arm to fund web3, gaming and fintech startups

Singapore-based fintech level Cake DeFi precocious announced the motorboat of its firm task arm–Cake DeFi Ventures (CDV).

With $100 cardinal successful earmarked capital, CDV volition absorption connected investing successful promising Web3, Metaverse, NFT, gaming, esports and fintech startups.

Cake DeFi volition leverage beardown enactment to CDV portfolio companies

The recently launched task limb is led by Cake DeFi’s Co-founders Dr. Julian Hosp, CEO, and U-Zyn Chua, CTO.

“By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake’s existent presumption arsenic Singapore’s and Southeast Asia’s fastest-growing platform, projects which we put successful tin expect to person beardown enactment scaling globally,” commented Hosp, known arsenic a seasoned blockchain entrepreneur and a starring influencer successful the crypto space–with implicit 1 cardinal followers crossed each of his channels globally.

According to the property release, CDV portfolio companies tin expect receiving beardown enactment from Cake DeFi, and payment from gaining entree to galore Cake products, connections, users, resources, and expertise wrong the planetary blockchain industry.

In a bid to heighten the platform’s Web3 offerings

“As an hold of our aggregate blockchains enactment and having built up an R&D limb with cryptography heavy tech capableness and specialization, investing successful companies that bring synergies to Cake DeFi’s halfway concern volition let america heighten our Web3 offerings,” explained U-Zyn Chua.

Cake DeFi is simply a highly innovative and afloat regulated fintech level focused connected providing entree to DeFi services and applications, portion allowing users to make returns from their crypto.

The institution is offering a plethora of decentralized plus classes connected Cake DeFi, including Liquidity Mining, Staking, Freezer, and Lending. In addition, the institution is readying to rotation retired a indebtedness diagnostic successful Q1 2022.

The level is dedicated to educating and informing radical astir the satellite connected crypto and DeFi, and managed to turn its confirmed users by 10 times successful 2021.

According to the property release, Cake DeFi paid $230 cardinal to customers arsenic rewards during the past twelvemonth alone.