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HaloDAO Raises $3.5 Million Seed Investment To Create a Global Liquidity Network

CryptocurrencyMay 21, 2021 12:30PM ET
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HaloDAO Raises $3.5 Million Seed Investment To Create a Global Liquidity Network

  • Decentralized finance protocol HaloDAO raised $3.5 million in seed investment
  • The round was led by Parataxis Capital and included many big players in the industry
  • The project aims to create a global liquidity network through stablecoins
Decentralized finance protocol HaloDAO recently raised 3.5 million dollars in seed investment. The investment round was led by Parataxis Capital and other industry players such as QCP Soteria, GBV (Genesis Block Ventures), Spartan Group, NGC, CMS Holdings, LedgerPrime, Genblock, Petrock Capital, and more.

Aside from these, there are also notable angel investors including Gustav Arentoft from MakerDAO, Dovey Wan from Primitive Crypto, Ajit Tripathi from Aave, Richard Dai formerly from DRW/Cumberland, and Yield Guild Games.

The project aims to address the growing demand for stablecoins and is eyeing the Asian market. According to Jun Yong, Chief Protocol Contributor of HaloDAO, the project is,

on a mission to create an asset agnostic global liquidity netw...

This article was first published on coinquora.com

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HaloDAO Raises $3.5 Million Seed Investment To Create a Global Liquidity Network
 

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