Cake DeFi launches corporate venture arm with $100M

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 $100 million in earmarked capital, Invezz learned from a press release.

Focus on start-ups across metaverse, Web3, and more

The arm will focus on investing in tech start-ups across the metaverse, Web3, gaming, the NFT space, esports and fintech spaces. These areas will bring synergistic value to Cake’s core business. CDV will look for global investment opportunities in start-ups worldwide.

Notable and impressive leadership

CDV is led by the cofounders of Cake DeFi, Dr Julian Hosp and U-Zyn Chua, CEO and CTO respectively. Dr Hosp is a leading crypto influencer and seasoned blockchain entrepreneur with over one million followers globally. His vision is to bring blockchain awareness and understanding to a billion people by 2025.

U-Zyn, a blockchain engineer, enthusiast and investor for over a decade is highly passionate in decentralized systems design and development. They created Cake DeFi with the vision of building the world’s leading investment platform into DeFi and up-and-coming alternative assets from Singapore.

Access to Cake products and other valuable resources

CDV’s portfolio companies will get strong support from Cake DeFi. They will be able to access a wide variety of Cake products, users, connections, expertise, and other resources from the global blockchain industry.

Julian Hosp commented:

By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake’s current status as Singapore’s and Southeast Asia’s fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally.

U-Zyn Chua added:

As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability and specialization, investing in companies that bring synergies to Cake DeFi’s core business will allow us enhance our Web3 offerings.

Cake DeFi is a fully transparent, highly innovative and regulated global fintech platform with over $1 billion managed in customer assets. It empowers its user base, spanning over half a million registered users – and fast growing – to earn cash flow from their digital asset investments.

The post Cake DeFi launches corporate venture arm with $100M appeared first on Invezz.