Cega Finance, a Singapore-based decentralized finance (“DeFi”) exotic structured products protocol, raised $4.3M in seed funding.
The round was led by Dragonfly Capital Partners with participation from Pantera Capital, Coinbase Ventures, Alameda Research, Solana Ventures and more.
The funds will be used to accelerate the development of Cega’s technology as well as to create a community focused on expanding product offerings, calibrating statistical models, and educating users about DeFi and derivatives.
Led by Arisa Toyosaki, CEO, Cega is building the next evolution in DeFi derivatives by bringing exotic derivative capabilities to crypto. The company’s product is a decentralized application built on Solana that combines basic options (e.g. call/put) with advanced options characteristics to create packaged offerings for investors. Its first exotic options product is the fixed coupon note, which is a basket of puts and a call with knock-in and knock-out barriers.
FinSMEs
08/03/2022