Fade Treasury, a London, UK-based blockchain technology company creating a solution for a secure, non-custodial, “liquid vault” tailored for all cryptocurrency holders, raised $3.2M in Seed funding.
The round was led by OP Crypto Ventures, with participation from Arrington Capital, Big Brain Holdings, and Merit Circle, among other funds and angel investors.
The company intends to use the funds to expand operations and its development efforts.
Fyde Treasury is introducing a liquid vault that powers users in a compliant and crypto native manner. It effectively handles asset diversification, yield generation, token liquidity, and governance preservation. Fyde Treasury owners deposit a variety of digital assets into the liquid vault, retain ownership over their tokens and gain enhanced performance. This enables users to receive a systematic approach to mitigating risk in DeFi in a painless solution. Additionally, users will be incentivised to trade the liquid vault token $TRSY, offering a reliable and efficient payment avenue.
Fyde Treasury Protocol has recently launched on Ethereum in December 2023.
FinSMEs
19/12/2023