Blockchain Investments News

DeFi Technologies Follows Coinbase and Other Market Makers in Joining the DeFi Alliance

DeFi Technologies follows Coinbase and other Market Makers in Joining the DeFi Alliance

DeFi Technologies Inc. announces it has joined the DeFi Alliance. Launched in early 2020 as the Chicago DeFi Alliance, the group provides mentorship and funding for early-stage tech teams working in the $70 billion decentralized finance sector. Other members of the 150+ company alliance include Coinbase, Jump Capital, CMT Digital, Cumberland DRW, amongst others.

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The partnership with the DeFi Alliance involves no investment or financial support. To date, DeFi Technologies’ Venture offering has made numerous investments in DeFi startups. With its entry into the DeFi Alliance, the Company will provide mentorship, investment, and other support to early-stage startups going through the DeFi Alliance’s accelerator programs. This will present new opportunities for new business lines to be developed by the Company.

Wouter Witvoet, DeFi Technologies Chief Executive Officer stated, “Joining the DeFi Alliance@ provides us another avenue of access to early-stage DeFi projects that we can partner with as they grow their business. The community has incubated a number of well-known projects and we look forward to providing the public market exposure to additional DeFi startups that will one day be world-renowned.”

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Jacob Franek, Partner at DeFi Alliance’s stated, “We’re excited to have DeFi Technologies join the Alliance and look forward to their contributions to our ecosystem and spreading further knowledge and insight about decentralized finance to the public markets.”

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