DeFiner, the decentralized finance network for crypto savings, loans, and payments, has announced a new investment from Alphabit, a fund specialising in distributed ledger technology investments. DeFiner will leverage the acquired funds to support the development of its decentralized savings and lending products, and address various security requirements pertaining to decentralized finance.
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Alphabit will provide DeFiner with expertise on the blend of finance, game theory, and computer science that permeates through the DeFi economy. Alphabit’s strong presence in the United Arab Emirates will support the development of DeFi and growth of DeFiner in the Middle East.
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Alphabit is an avid supporter of promising crypto projects, and due to its wide array of DeFi services and commitment to maintaining a high level of security, saw an opportunity to cultivate DeFiner’s potential in the cryptocurrency space. Alphabit has a number of DeFi projects in its investment portfolio, such as STORE, Suterusu, and the Standard Tokenization Protocol.
Jason Wu, CEO of DeFiner, commented, “We are proud to be driving the future of decentralized finance, and honored to have the backing of Alphabit. It is overwhelming to be recognized by such a prominent player, alongside so many other exciting DeFi projects benefiting from Alphabit’s billion-dollar asset fund. This partnership will undoubtedly bring DeFiner one step closer to our goal of introducing true decentralization to the financial space, with our global network of peer-to-peer lending and savings products.”
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