Cake Defi founds a new corporate venture arm with $ 100 million to invest in global web3, gaming and fintech startups

Singapur, Singapore, March 9, 2022, kett wire

Cake Defi, a Fintech platform based in Singapore, which makes defi services and applications (decentralized finances) accessible to everyone, launched his corporate venture arm with a paid capital of $ 100 million.

Cake Defi Ventures (CDV) will concentrate on investments in tech startups in web3, in metavers, in the NFT area, in games, eSports and fintech areas that will give the core business of Cake a synergetic value. CDV based in Singapore will search for global investment opportunities in startups around the world.

CDV is from the co -founders of Cake Defi, Dr. Julian Hosp, CEO, and U-Zyn Chua, CTO. Dr. HOSP is an experienced blockchain entrepreneur who is widely viewed as a leading influencer in the crypto and blockchain sector with over a million followers on all of his channels worldwide. His vision is to convey blockchain awareness and understanding of blockchain and understanding of a billion people by 2025. U-cyn, blockchain engineer, enthusiast and investor for over a decade, is passionate about the design and development of decentralized systems. Together they founded Cake Defi with the vision of building the world's leading investment platform for Defi and emerging alternative systems from Singapore.

CDV portfolio company can expect strong support from Cake Defi and have the opportunity to access numerous cake products, connections, users, resources and expertise within the global blockchain industry.

"By introducing Cake Defi Ventures, we strive to provide the world of cryptocurrency and blockchain skills. In view of Cake's current status as Singapore and Southeast Asia, projects in which we invest, in which we are investing, can expect strong support in worldwide scaling," said Julian HOSP, co-founder and Chief Executive Officer by cake defi.

"As an extension of our support for several blockchains and after we have built up a research and development branch with cryptography skills and specialization, investments in companies that bring synergies to the core business of Cake Defi will enable us to improve our web3 offers," said U-Zyn Chua. Co -founder and Chief Technology Officer from Cake Defi.

To apply for a promotion of CDV, please send an email with the project details to contact@cakedefi.vc. The Cake Defi team will contact the closer election. Risk capital companies or investment funds that are interested in CO investment options or strategic partnerships can also contact further discussions.

about cake defi

cake defi is a fully transparent, highly innovative and regulated fintech platform, which has been committed to providing access to decentralized financial services and applications by enabling users to generate earnings from their crypto and digital assets. It is operated and registered in Singapore and fulfills all regulatory requirements of the Monetary Authority of Singapore (MAS).

By enables and enables its users to use the potential of decentralized financing (Defi), it would like to educate and inform people around the world in simple, easily understandable and easy ways about crypto and defi.

In the fourth quarter of 2021, Cake Defi almost doubled its confirmed users, who was able to increase 10 times the entire year 2021. In total, $ 230 million were paid to customers as premiums in the course of the year; $ 75 million in the last quarter. The company increased the assets of its customers 6 times in 2021. Cake Defi is striving to pay $ 400 million in customers as a reward by the end of 2022, and this could be up to $ 1 billion depending on the price of the crypto.

On the product page, the company offers all types of decentralized investment classes on Cake Defi and thus fulfills its product roadmap for 2021. This includes liquidity mining, staking, freezer and lending. For this year, the company is planning to introduce a credit function that will be implemented in the first quarter of 2022.

In addition, the company will start a new page "Cashflow visualization according to assets" in order to make it more user-friendly, and a "learning-and-earning program" to make new users easier to start their investment trip. Cake Defi will also concentrate on integrating the entire defi ecosystem in a simple and uncomplicated way.

contacts

• nadav dakner
• nadav@marketacross.com