2 years ago

Fyde Treasury Secures $3.2 Million Seed Funding for Crypto Liquid Vault

  • Fyde Treasury, a London-based blockchain technology company, has raised $3.2 million in seed funding led by OP Crypto Ventures

  • The company's liquid vault provides users with a secure, non-custodial way to manage their cryptocurrency assets

  • The funding will be used to expand operations and development efforts

  • Fyde Treasury launched its protocol on Ethereum in December 2023.

      • ProblemTechnology

      "Cryptocurrency holders have limited options for managing their assets securely and efficiently, lacking tools for diversification, yield generation, liquidity, and governance preservation without compromising ownership."

      Solution

      "Fyde Treasury provides a liquid vault that enables users to deposit various digital assets, retain ownership, and gain enhanced performance. This approach helps mitigate risk in DeFi, promotes asset diversification, generates yield, facilitates liquidity, and preserves governance."

      Covered on