DEFYCA, a Luxembourg-based provider of a digital securities platform, raised $1.3M in Seed funding.
The round was led by QBN Capital and Blizzard Fund.
The company intends to use the funds to launch its protocol and take the product to market.
Co-Founded by Pat Hourigan and Alex Garmash, DEFYCA has developed a blockchain protocol that enables digital and crypto investors to invest in traditional debt securities and loan portfolios via tokenized assets. The proprietary protocol has been specifically designed to remove counter-party risk in trades. It includes an independent risk oracle for continuous risk monitoring, instant Delivery versus Payment (DvP) settlement, specially secured MPC custodial wallets, an established crypto custodian, and treasury accounts provided directly at Circle, the stablecoin issuer. In total, enables all participants to invest and trade tangible fixed income on the blockchain while reducing their exposure or risk.
DEFYCA will launch its mainnet in Q1 2023.
FinSMEs
22/11/2022