Institutional DeFi Project Raises $ 7 Million

Institutional DeFi Project Raises $ 7M

Evrynet Raises $ 7M for DeFi Institutional Investor.

The private funding round was led by the Singapore-based venture capital fund Signum Capital. The participants were Petrock Capital, Ellipti Ventures and existing investors in the startup, including HashKey Capital, Everest Ventures, Hanhwa Investments and Securities, Seven Bank, UOB Venture Management, Uni-President Asset Holdings, Hopeshine Ventures, and Du Capital.

The startup will use the raised funds to create the Evry, Finance application, which will provide the services of an exchange, a liquidity pool and a staking platform.

Evrynet is committed to providing the infrastructure for interconnecting centralized and decentralized finance.

Dapp of the project is expected to make it easier for institutional investors to participate in DeFi.

Evrynet platform is compatible with ERC-20 (Ethereum) and BEP-20 (Binance Smart Chain) tokens.

Recall that earlier the launch of the institutional DeFi platform announced the Aave protocol.