Cake DeFi is a fully transparent, highly innovative and regulated global fintech platform with over US$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
Cake DeFi has launched Cake DeFi Ventures, its US$100 million venture arm committed to accelerating growth of tech firms, with a focus on web3, gaming and fintech.
Singapore, Singapore--(Newsfile Corp. - March 9, 2022) - 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 US$100 million in earmarked capital.
Cake DeFi Ventures (CDV) will be focused on investing in tech startups across Web3, the metaverse, the NFT space, gaming, esports and fintech spaces that will bring synergistic value to Cake's core business. Based in Singapore, CDV will look for global investment opportunities in startups across the world.
CDV is led by Cake DeFi's Co-founders Dr Julian Hosp, CEO, and U-Zyn Chua, CTO. Dr Hosp is a seasoned blockchain entrepreneur, widely regarded as a leading influencer in the crypto and blockchain space with over one million followers across all his channels 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. Together, they formed Cake DeFi with the vision of building the world's leading investment platform into DeFi and up-and-coming alternative assets from Singapore.
Portfolio companies of CDV can expect to receive strong support from Cake DeFi, and have the opportunity to access numerous Cake products, connections, users, resources, and expertise within the global blockchain industry.
"By launching Cake DeFi Ventures, we strive towards bringing...