Nimbus Capital Commits $10 Million to Alvara Protocol for DeFi Asset Management

Nimbus Capital has committed $10 million in funding to the growth and development of Alvara Protocol, a transformative platform aimed at democratizing asset management within the DeFi space. Built on the newly developed ERC-7621 token standard, co-authored with tech partner Troon Technologies, Alvara Protocol introduces an innovative tokenized basket factory that streamlines and simplifies basket management, making it more accessible for all users. Additionally, Nimbus has pledged to utilize Alvara’s institutional side-chain, tailored to meet the needs of traditional asset managers and institutions, complete with KYC facilities for accredited investors. With Alvara offering a unique ecosystem that ensures complete transparency for investors and asset managers, Nimbus Capital's investment will further accelerate the development of intelligent solutions that enhance the security of DeFi while providing intuitive user experiences to a broader market.