Curated News
By: NewsRamp Editorial Staff
July 25, 2024

Pioneering CeDeFi Platform BitFi Announces $50M Seed Round Fundraising

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Source News Release

TLDR

  • BitFi's seed round fundraising with a $50 million valuation gives investors the opportunity to capitalize on the transformative potential in the CeDeFi field.
  • BitFi combines centralized and decentralized financial solutions to maximize the yields of multiple assets, offering secured staking yield and multiple layers yield generation.
  • BitFi's vision aligns with fostering advancements in blockchain technology, providing a superior experience, and offering maximized returns to BTC holders, making the world a better place for cryptocurrency enthusiasts.
  • BitFi reached a peak Total Value Locked of US$400 million in just one month after its early access launch, showcasing its rapid growth and potential for the future.

Impact - Why it Matters

This news matters as it highlights the transformative potential of BitFi in the CeDeFi field, offering optimized returns and secured asset management solutions for BTC holders. The platform's vision and the investment from leading firms signal a game-changing advancement in the Bitcoin CeDeFi ecosystem, impacting investors, blockchain enthusiasts, and strategic partners.

Summary

BitFi, a pioneering CeDeFi platform, has announced the launch of a seed round fundraising with a $50 million valuation, with confirmed investors including Fundamental Labs, IBC Group Ventures, CGV FoF, TyreGate Capital Group, and Citizen Journalism Network Accelerator (CJNA). The platform, founded by Liu Han, reached a peak Total Value Locked (TVL) of US$400 million in just one month after its early access launch on June 25th. BitFi combines centralized and decentralized financial solutions to maximize the yields of multiple assets, such as BTC, for its users, offering secured staking yield and multiple layers yield generation.

Source Statement

This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Pioneering CeDeFi Platform BitFi Announces $50M Seed Round Fundraising

blockchain registration record for the source press release.