ALEX Secures $10 Million in Latest Funding Round Led by Spartan Capital

ALEX, a leader in Bitcoin DeFi, is proud to announce the achievement of securing $10 million in funding with Spartan Capital leading the round. This investment, supported by a wide array of investors including CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur3 Capital, EVG and others, reflects a broad base of confidence and support in ALEX’s mission to innovate within the Bitcoin economy.

The Vision: A Finance Layer on Bitcoin

This funding fuels ALEX’s mission to build a comprehensive financial layer on Bitcoin. From DeFi building blocks and core infrastructure to fostering a rich landscape of Bitcoin-based assets, the team is dedicated to empowering the Bitcoin ecosystem.

Strategic Focus

Strengthened by additional capital and partners, the team plans to focus its efforts on advancing three core strategic objectives within the Bitcoin ecosystem:

• Building on Bitcoin: Continuing to leverage Bitcoin’s unmatched security to craft dependable DeFi solutions.
• Enhancing Liquidity Across Bitcoin L2s: Initiatives that ensure efficient distribution of liquidity across Bitcoin Layer 2 solutions.
• Pioneering Meta Protocols and Layer 1 Innovations: ALEX is at the forefront of developing meta protocols and leveraging Layer 1 technologies toward new DeFi opportunities.

Empowered by this funding, ALEX is primed for a significant expansion. The team is dedicated to forging strategic partnerships and propelling the future of Bitcoin finance.

For more information and to stay up-to-date with ALEX, please visit https://alexgo.io/

About ALEX

Founded in 2021 by industry veterans from Goldman Sachs, Morgan Stanley, and J.P. Morgan, ALEX pioneers in DeFi on Bitcoin. The platform stands out for enabling decentralized and secure transactions on Bitcoin while leveraging Layer 2s’ smart contract capability. This approach results in a broad array of DeFi applications, including DEXes, Launchpad characterized by their speed and user-friendly interface. ALEX further sets itself apart by developing vital infrastructure such as Bridges and Oracles, alongside a diverse range of assets issued on Bitcoin. As a complete Finance Layer on Bitcoin, ALEX is the definitive platform for anyone seeking to explore DeFi directly on Bitcoin.

Recognized as a leading DeFi platform within the Bitcoin space, ALEX dominates in Total Value Locked (TVL). Beyond its foundational offerings, ALEX strategically aggregates liquidity across Bitcoin, utilizing both Layer 1 meta-protocols and emerging Layer 2 solutions. This approach broadens the accessibility and functionality of Bitcoin DeFi, illustrating ALEX’s commitment to evolving a more interconnected and efficient blockchain ecosystem.

Quote from the Founders

“From the beginning, our mission at ALEX has been to foster financial inclusion through the power of Bitcoin, leveraging its unparalleled decentralization and proven track record,” shared Dr. Chiente Hsu and Ms. Rachel Yu, ALEX’s co-founders. “The recent funding significantly empowers us to continue our journey, enhancing DeFi’s accessibility and usability worldwide. With this investment, we’re set to grow our team, further improve our platform’s UI/UX, and strengthen our business development strategies. These steps are crucial for us to broaden the Bitcoin economy’s reach, moving closer to our goal of widespread financial inclusion.”