AlgoRai Finance Closes $1.7M Seed Funding Round To Enable Structured Products On The Blockchain
31 January 2023 — AlgoRai Finance is proud to announce the successful completion of its $1.7M Seed Funding Round. Launched on the Algorand blockchain in September 2022, AlgoRai is a decentralised financial platform in partnership with global institutions offering structured products on the blockchain.
The round saw participation from Algorand Foundation, Arcane Group, Arrington Capital, BCW Group, Borderless Capital, GSR Markets, Hex Trust, Mozaik Capital, Optio Capital, TDX Strategies and Undercurrent Capital.
Developed in partnership with Algo Foundry, the leading venture studio for the Algorand blockchain, AlgoRai Finance harnesses blockchain technology to bring financial products to everyone that are now only available to a few.
Starting with Decentralized Options Vaults that effectively monetise the high volatility of the underlying asset and inject this yield into Defi through the payment of option premiums, AlgoRai will grow its product range to cater to different risk profiles, market expectations, and asset classes.
AlgoRai Finance is led by CEO Edward Lashinski, a University of Chicago Booth alum with decades of experience in financial markets with RBC Capital Markets, ABN Amro and Prudential Financial.
About AlgoRai Finance
We believe DeFi is not just decentralised finance but also democratisation of finance, harnessing blockchain technology to bring financial products to everyone that are now only available to a few. In partnership with global institutions, AlgoRai offers robust and transparent DeFi structured products that protect and grow digital assets over time, all at the touch of your fingertips. Follow us on our socials to stay updated!
