BlockTower Capital, Andreessen Horowitz (a16z) and Alameda Research led the round by purchasing TRU, TrueFi’s native token.
“We’re not basing our company on some KYC’d version of DeFi coming out in the future,” said Nansen CEO Alex Svanevik.
It's the VC industry's largest crypto-related fund to date.
A16z led the round, which will enable the startup to build a network of lenders and borrowers and ramp up hiring.
The fund could lead to $50 million in annual fees, sources told reporter Eric Newcomer.
Element Finance, which is building a yield-maximizing marketplace for crypto interest rates, has landed some prominent backers.
Newly out of alpha mode, the platform offers up to 5% rewards on both crypto asset savings and spending.
Celo offers a blockchain payments platform using customers' cellphone numbers to secure their public keys.
Uniswap's UNI token has nearly doubled its price in 7 days. The decentralized exchange is seeing volumes higher than last summer, too.
Anthony Albanese will become chief regulatory officer for the tech ventures giant in November.
An Andreessen Horowitz (a16z) alum is launching a new venture firm focused on building a crypto-powered "ownership economy."
FalconX brought in an equivalent to Facebook's 2005 Series A while Grin flounders and a16z asks if crypto's on the cusp of a boom period.