Fade Treasury Raises $3.2M in Seed Funding for Blockchain-Based Liquid Vault Solution

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Cointime2023/12/19 14:43

By:Cointime

London-based blockchain company Fade Treasury has secured $3.2 million in seed funding, led by OP Crypto Ventures and featuring participation from Arrington Capital, Big Brain Holdings, and Merit Circle. The funds will be used to expand operations and development efforts for the company's "liquid vault" solution, which allows cryptocurrency holders to securely diversify their assets, generate yield, maintain governance and retain ownership of their tokens. The solution is designed to mitigate risk in DeFi and incentivises users to trade the liquid vault token $TRSY. The Fyde Treasury Protocol launched on Ethereum in December 2023.

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