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Blockworks | Jacquelyn Melinek | Mar 9, 2022 Singapore-based platform Cake DeFi has launched its corporate venture arm with $100 million in capital, the firm told Blockworks on Wednesday. The new venture arm, Cake DeFi Ventures (CDV) will focus its investments across Web3, the metaverse, the NFT space, gaming, esports and fintech spaces that will

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The post Funding Roundup: More Than $1.8 Billion Pooled Into Crypto Companies and Funds This Week appeared first on Blockworks.

SINGAPORE, Mar 11, 2022 - (ACN Newswire) - Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralised finance) services and applications accessible for everyone, has launched Cake DeFi Ventures (CDV), its venture capital arm with US$100 million in earmarked capital.

Cake DeFi Ventures (CDV) is looking to invest in technology startups in Web3, gaming and fintech - especially those in the metaverse, NFT, blockchain and esports industries - that will bring synergistic value to Cake DeFi's core business. Based in Singapore, CDV will look for global investment opportunities in startups around the world.

CDV is led by Cake DeFi's Co-founders Dr Julian Hosp (Chief Executive Officer) and U-Zyn Chua (Chief Technology Officer) along with newly appointed Investment Partner Nicholas Khoo:

- Dr Julian Hosp is a seasoned blockchain entrepreneur, widely regarded as a leading influencer in the crypto and blockchain space. His vision is to bring blockchain awareness and understanding to a billion people by 2025.

- U-Zyn Chua, a blockchain engineer, enthusiast and investor for over a decade, was a Smart Nation Fellow on blockchain for the Singapore government. He was also the Lead Architect for the world's first Central Bank Digital Currency (CDBC) - the Sand Dollar in the Bahamas.

- Nicholas Khoo brings over 20 years in the tech sector with diversified experience in startups and multinationals such as Visa. For more than ten years, Nicholas has invested in a number of successful and fast-growing tech startups and has also served on the investment committees of investors such as the Global Fund.

Portfolio companies of CDV will receive strong support from Cake DeFi's global and experienced leadership team, and the opportunity to access Cake DeFi's connections, resources and expertise within the global blockchain industry.

"By launching Cake DeFi Ventures, we want to bring cryptocurrency and blockchain capabilities to the world. Cake DeFi is one of Southeast Asia's fastest-growing fintech platforms. The projects that we invest in can expect to receive strong support scaling globally," said Dr. Julian Hosp, Co-founder and CEO of Cake DeFi.

Deploys First Strategic Investment into US-Based 'The Edge Of Company, Inc.'

At the time of CDV's launch, the firm was in early to late-stage discussions with a number of global startups, including those in Southeast Asia, the U.S. and Europe. For its first strategic investment, Cake DeFi has selected tech, media and events startup, The Edge Of Company, which has been building the community and ecosystem for the NFT and Web3 space.

"The entire team at The Edge Of Company is honored to have Cake DeFi Ventures as part of the Edge family. Their know-how, relationships, and strategic insights will help propel this Web3 rocketship to new heights across our platform of tech, media, and events," said Jeff Kelley, Co-Founder, The Edge Of Company, Inc.

"As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability, investing in companies that bring synergies to Cake DeFi's core business will allow us to enhance and broaden our Web3 offerings," said U-Zyn Chua, Co-founder and CTO of Cake DeFi.

To apply for funding from CDV, please email [email protected] with the project details. CDV will be in touch with shortlisted projects. Venture capital firms or investment funds interested in co-investment opportunities or strategic partnerships may also reach out for further discussion.

ABOUT CAKE DEFI

Cake DeFi is a fully transparent, highly innovative and regulated fintech platform dedicated to providing access to decentralised financial services and applications by enabling users to generate returns from their crypto and digital assets. It is operated and registered in Singapore and is fully compliant with all regulatory requirements of the Monetary Authority of Singapore (MAS).

By enabling and empowering its users to harness the potential of decentralised finance (DeFi), Cake DeFi aims to educate and inform people around the world on crypto and DeFi in a simple, easy to understand and hassle-free manner.

In 2021, Cake DeFi saw a tenfold growth in its registered customer base, with over US$1bn customer assets. In the same year, Cake DeFi's customers received over US$230 million in rewards.

ABOUT THE EDGE OF COMPANY, INC.

A media, events, and tech venture, The Edge of Company launched in 2021 with the Edge of NFT Podcast and has since created the NFT LA conference. NFT LA hosted March 28-31, 2022 will be the largest NFT & Web3 gathering in Southern California, and at over 100 episodes the podcast continues to feature "the top 1% in NFTs today and what will stand the test of time." Believers in economic structures that value the attention of every participant, the company leverages its three founders' experiences in various domains including blockchain, fashion, real estate, music, neuroscience, foodtech and high-growth startups to catalyze co-creation in the Web3 and NFT space.

For Media Enquiries, Please Contact:
[email protected]

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCake DeFi, a Singapore-based fintech platform that makes DeFi (decentralised finance) services and applications accessible for everyone, has launched Cake DeFi Ventures (CDV), its venture capital arm with US$100 million in earmarked capital.

Cake DeFi is a Singapore-based fintech platform that makes DeFi (decentralized financial) services and apps available to everyone. The company has announced the creation of [...]

Singapore-based technology services and consulting provider Cake DeFi is launching a $100 million fund focused exclusively on Web3, Metaverse and NFT efforts. The fund aims to aggressively support startups across these spaces and to grow the nascent ecosystem. Speaking with CoinDesk, Cake DeFi CEO Dr, Julian Hosp highlighted the fund’s goal:cake defi   “We’re a [...]

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Singapore, Singapore, 9th March, 2022, Chainwire Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralised finance) services and applications accessible to everyone, has launched its corporate venture arm with US$100 million in earmarked capital.  Cake DeFi Ventures (CDV) will be focused on investing in tech startups across Web3, the metaverse, the NFT space, gaming, […]

The Cake DeFi Fintech platform launched $100 million venture branch and will now interact with other tech startups and the NFT space so let’s find out more in today’s latest crypto news. The Singapore-based fintech company Cake DeFi, introduced a new venture branch so, with the $100 million in capital, the feature will enable the […]

The post Cake DeFi Continues Strong 2021 Momentum By Launching A $100m Corporate Venture Arm appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Funding ongoing developments in Web3, gaming, and fintech creates a competitive edge for industry participants. For example, cake DeFi, the well-respected one-stop shop for decentralized finance, set up a $100 million fund to support startups worldwide. It marks a crucial milestone for the industry and confirms the need to build products, services, and infrastructure.  Cake …

Cake DeFi Ventures will focus its investments across Web3, the metaverse, the NFT space, gaming, esports and fintech spaces that will benefit its core business

The post Singapore-based Cake DeFi Launches $100M in Capital for Venture Arm appeared first on Blockworks.

The Singapore-based financial technology platform, Cake DeFi announced a major initiative to support emerging companies working in the Web3, Metaverse, Blockchain, and Fintech ecosystems, today.