A DeFi “Super-Network” in China Attracts Western Investment

A DeFi “Super-Network” in China Attracts Western Investment

dForce is vying to integrate decentralized finance protocols in China and around the world as a DeFi “super-network.” And it just raised $1.5 million from Multicoin Capital and others to do it.

  • The dForce Foundation has raised $1.5 million dollars from major investors in the East and West.

  • It aims to be the WeChat of DeFi, and plans to integrate DeFi around the globe as a “super-network.”

  • dForce founder Mindao Yao envisions a not-so-distant future in which the global DeFi market converges around "creating a unified and global capital pool."

As the DeFi industry begins to take flight around the world, don’t sleep on China. The Beijing-based dForce Foundation today announced that it has completed a $1.5 million funding round led by the Austin Texas-based crypto venture fund Multicoin Capital. The round also saw participation from the investment arm of the Huobi exchange, Huobi Capital, and the Hong Kong-based investment banking firm CMB International. Read More...