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DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital

Published 02/24/2021, 09:00 AM
Updated 02/24/2021, 10:40 AM
DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital

DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital

Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-U.S. dollar stablecoins.

DFX raised more than $5 million in seed funding from Polychain and True Ventures to create a new blockchain-powered market for stablecoins and open up DeFi applications to a global audience. Announcing the news Wednesday, DFX said that other investors included industry players like Hex Capital, CMS Holdings, Castle Island Ventures and DeFi Alliance.

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