Krypital Group Announces a Strategic Investment in Reef Finance

Krypital Group
Oct 16 · 2 min read
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We are pleased to officially announce Krypital Group as a strategic investor of Reef Finance, a cross-chain suite of DeFi services based on Polkadot that provides ease of on-boarding and maximum profitability for its users.

Per the strategic investment to Reef Finance, Krypital Group will assist Reef Finance with developing the platform and ecosystem together with other major venture capital firms, including NGC Ventures, AU21 Capital, QCP Capital, Kenetic Capital, and Woodstock Fund.

About Reef Finance

Reef is a user-friendly platform powered by Polkadot, which integrates CEXes and DEXes while offering smart lending, borrowing, staking, and mining through AI-driven personalized Reef Yield Engine. Reef’s core team consists of serial entrepreneurs and blockchain veterans with tremendous experience and proven track record in finance, cryptography, blockchain, and engineering.

Reef Finance is secured under Polkadot’s shared security model, ensuring high resilience and forkless upgradability. Reef provides a decentralized network governed entirely by Reef Token holders via DAO to achieve a transparent future: a future based on more truth and less trust.

To remove the headache from a typical DeFi user experience, Reef offers a one-stop solution, combining a global liquidity aggregator, yield farming aggregator, and asset-management product.

Recently, Reef has partnered with Polkadot projects such as Plasm, a dapp platform on Substrate, and Crust Network, an incentive layer for decentralized storage. Reef is also planning to integrate with leading oracle service providers, including Chainlink and Bluzelle.

About Krypital Group

Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator. By leveraging top resources ranging from a network of capitals, digital asset exchanges, top law firms and communities, the team has nurtured projects that have generated a total value of more than $1B and has brought in more than 2 million users to top blockchain projects.

Krypital Group

Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator.

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