Neutrl, a Panama City, Panama-based provider of a DeFi protocol developing a market-neutral synthetic dollar called $NUSD targeting OTC arbitrage strategies, raised USD 5M in Seed funding.
The round was led by STIX and Accomplice, with participation from Amber Group, SCB Limited (SIG), Figment Capital, and Nascent, alongside angel investors such as Guy Young and Steven Shi of Ethena, DCF Capital, Flood (Insilico Trading), Huss, Jez (izebel.eth) and Josh Lim (Arbelos Markets).
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Behrin Naidoo, Neutrl is a provider of a DeFi protocol designed to bridge private OTC markets with decentralised finance, offering $NUSD, a yield-generating, capital-efficient synthetic dollar backed by discounted assets and delta-neutral strategies.
FinSMEs
18/04/2025