Exotic Markets Closed $5 Million in Financing Led by Multicoin Capital and Ascensive Assets

TokenInsight news, DeFi protocol Exotic Markets closed $5 million in funding through a token sale led by Multicoin Capital and Ascensive Assets, with participation from Alameda Research, Animoca Brands, Solana Capital and others. The funds raised will reportedly be used to strengthen the team and marketing efforts, with a portion of the funding used for market-making activities on the platform to help drive the main network, which is scheduled to launch in late February, with a development test network expected to launch later this month. Solana-based Exotic Markets aims to offer a range of structured products that can create income opportunities for investors denominated in stablecoins rather than governance tokens. Its platform governance token is $EXO.
Source

Fund Raising

Related News
Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million
ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round
Crypto-AI startup Fraction AI raises $6 million in pre-seed funding Crypto-AI startup Fraction AI raises $6 million in pre-seed funding
Crypto casino Monkey Tilt raises $30 million Series A led by Pantera Capital Crypto casino Monkey Tilt raises $30 million Series A led by Pantera Capital
Praxis gets $525M for utopic crypto, AI-friendly city Praxis gets $525M for utopic crypto, AI-friendly city
Latest News More More
8 Hours Ago Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
8 Hours Ago Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
1 Day Ago Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
1 Day Ago Binance Records $3.97B Weekly Inflows
1 Day Ago MEXC Partners With Hacken to Increase Security Standards
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open