The Cake Project, the decentralized financial services and blockchain project led by the ConsenSys Ventures subsidiary of Ethereum-focused venture production company ConsenSys has announced its launch. The new platform will support companies involved in cryptocurrency trading or other aspects of Web3 development around cryptocurrencies, such as gaming.
Fintech is a term that describes the financial technology industry. It has become more and more popular as companies seek to solve problems with the traditional banking system. Read more in detail here: what is fintech.
Chainwire, 9 March 2022, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore
Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralised financial) services and apps available to everyone, has announced the creation of its corporate venture arm, which will invest US$100 million.
Cake DeFi Ventures (CDV) will invest in Web3, metaverse, NFT, gaming, esports, and fintech firms that will provide synergistic value to Cake’s core business. CDV, which is based in Singapore, will search for global investment possibilities in companies all around the globe.
Cake DeFi co-founders Dr Julian Hosp, CEO, and U-Zyn Chua, CTO, lead CDV. Dr. Hosp is a seasoned blockchain entrepreneur who is generally considered as a top influencer in the crypto and blockchain field, having over one million followers across all of his platforms. By 2025, he wants a billion people to be aware of and comprehend blockchain technology. U-Zyn has been designing and developing decentralized systems for over a decade as a blockchain engineer, enthusiast, and investor. Cake DeFi was founded by them with the goal of being the world’s top investment platform for DeFi and other up-and-coming alternative assets, based in Singapore.
Cake DeFi will provide substantial assistance to CDV portfolio firms, and they will have access to a variety of Cake products, connections, users, resources, and knowledge in the global blockchain market.
“By establishing Cake DeFi Ventures, we want to introduce bitcoin and blockchain technology to the masses.” Cake DeFi’s present standing as Singapore’s and Southeast Asia’s fastest-growing platform means that initiatives we invest in can expect to get substantial support as they scale worldwide,” said Julian Hosp, co-founder and CEO of Cake DeFi.
“As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability and specialization, investing in companies that bring synergies to Cake DeFi’s core business will allow us enhance our Web3 offerings,” said U-Zyn Chua, Co-founder and Chief Technology Officer of Cake DeFi.
To apply for CDV financing, send an email to contact@cakedefi.vc with the specifics of your project. Shortlisted proposals will be contacted by the Cake DeFi team. Venture capital companies and investment funds interested in co-investment or strategic collaborations may also contact us for further information.
IN REGARD TO CAKE DEFI
Cake DeFi is a completely transparent, highly inventive, and regulated fintech platform devoted to allowing users to create profits from their crypto and digital assets by offering access to decentralised financial services and apps. It is based and registered in Singapore, and it complies with all of the Monetary Authority of Singapore’s regulatory requirements (MAS).
Cake DeFi intends to educate and teach people all over the globe about crypto and DeFi in a simple, easy-to-understand, and hassle-free way by allowing and empowering its users to harness the potential of decentralised finance (DeFi).
Cake DeFi nearly quadrupled its confirmed customers in Q4 2021, and it grew by 10X in the whole year of 2021. During the year, clients received a total of US$230 million in incentives, with US$75 million of it coming in the fourth quarter. In 2021, the corporation increased the assets of its clients by 6X. Cake DeFi plans to give clients US$400 million in incentives by the end of 2022, with the amount ranging from US$400 million to US$1 billion depending on crypto values.
On the product side, Cake DeFi offers a variety of decentralized asset classes, completing the company’s development strategy for 2021. Liquidity mining, staking, freezing, and lending are all examples of this. This year, the business intends to introduce a loan function, which will go live in Q1 2022.
Furthermore, the company will start a new “cash flow visualisation by assets” page, to make it more user friendly, and a “learn & earn programme” to help new users kick-off their investment journey. Cake DeFi will also focus on integrating the entire DeFi ecosystem in a simple and straightforward manner.
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