Ondo Finance is looking to attract institutional investors to the world of DeFi lending.
Funding will go toward hiring efforts, improving Pintu's market position, undertaking educational campaigns and delivering new products.
Other investors included rap artist Eminem, Coinbase Ventures and Sony Music Entertainment.
The decentralized stablecoin project is rapidly gaining momentum.
Risk Harbor uses on-chain rules and smart contracts to automate payouts for insurance claims.
Pantera and Polychain are backing the project.
The project's UND token interacts with AMMs like Uniswap and PancakeSwap.
The Ethereum-based lending startup is seeing users take out crypto loans for more than just yield farming.
Bitcoin could be set for a price rally north of $100,000 this summer under Pantera's model.
The Series B will fund a push into Asia and the launch of a derivatives business.
"TVL isn't the best indicator when ETH and all other crypto is green for weeks," one observer said of DeFi's recent growth.
Vauld, formerly called Bank of Hodlers, raised $2 million in a round led by Pantera Capital to expand its crypto banking platform.
Decentralized exchange (DEX) aggregator 1inch has closed a $12 million funding round led by Pantera Capital.
Formed in 2013, Pantera’s was the first U.S.-based bitcoin fund.
Globe announced a $3 million funding round from the likes of Pantera Capital, Y Combinator, Tim Draper and others.