Ardana completes $10m fundraising rounds led by Three Arrows Capital, CFund & Ascensive Assets.

Ardana is proud to announce that after completion of the first round of their public sale through Tokensoft, Ardana has raised $10 million of investment including previous strategic funding rounds.

The Cardano-powered platform, whose founding team features tech veterans from Apple, Microsoft, Barclays and Cardano, won support from Mechanism Capital, Kronos Research, mgnr.io, Morningstar Ventures amongst others in a round led by Three Arrows Capital, CFund and Ascensive Assets.

Notable angel investors included David Post (Managing Director of Chainlink Labs), Taiyang Zhang (Founder of Ren Protocol and KeeperDAO) and Justin Sun (Founder of Tron) among leadership within Cardano.

About Ardana

Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap &; maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers.

DETAILS:

https://medium.com/ardana-hub/ardana-completes-10m-fundraising-rounds-led-by-three-arrows-capital-ascensive-assets-ffd5e8eb6acf

Source: https://thebittimes.com/ardana-completes-10m-fundraising-rounds-led-by-three-arrows-capital-cfund-ascensive-assets-tbt5595.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Chain news

Post by: TheBitTimes.com