4 years ago

Qredo Secures $11 Million in Seed Funding to Expand Decentralized Asset Management Platform

  • Qredo, a London-based decentralized digital asset management infrastructure and product suite, has raised $11 million in seed funding

  • The round was led by Amnis Ventures, Artus, Borderless Capital, 3commas, Wintermute, Celsius, CMS Holdings, Connect.Capital, Deribit, G1, GSR, Gumi Cryptos, Kenetic, Kronos, Maven 11, 1kx, Quantstamp, Q-Stone Partners, Spartan Group, SVK Crypto, Tokentus, Yellow, and Zhou Holdings

  • The company will use the funds to double its R&D team, bring in talent at the C-suite level, and advance its anticipated version 2 launch

  • Qredo's novel blockchain protocol enables users to access cryptocurrencies on Layer 1 blockchains, such as Bitcoin and Ethereum, over a Layer 2 network

  • This allows users to securely participate in new DeFi innovations such as accessing ‘cross-chain’ liquidity pools, trading collateralized derivatives, and executing cross-chain atomic swaps.

      • ProblemTechnology

      "making it possible for users to access cryptocurrencies on Layer 1 blockchains, such as Bitcoin and Ethereum, over a Layer 2 network"

      Solution

      "using a novel blockchain protocol to enable secure user participation in new DeFi innovations like cross-chain liquidity pools, collateralized derivatives, and cross-chain atomic swaps"

      Covered on