Fortunafi, a Miami, FL-based onchain financial company, raised $9.5M in total funding.
Backers included Shima Capital, Manifold, Cobie, Evanss6, Scott Lewis, Ari Litan, Austin Green, and many more.
The company intends to use the funds to expand operations and its development efforts.
Led by Nick Garcia, Founder and CEO, Fortunafi is an onchain financial company providing advancements in the Real World Assets (RWA) sector. Through key partnerships and integrations, it delivers the tokenization of RWAs onchain to bring DeFi-structured yield products, alternative lending, and all-in-one liquidity solutions to financial institutions, startups, and investors. In contrast to traditional capital markets and securitizations, Fortunafi eliminates rent-seeking capital market participants and verticalizes the entire process from asset creation to the final onchain tokenization.
The latest funding round followed Fortunafi’s launch of Tokenized Asset Protocol (TAP), a global cross-chain tokenization protocol, in December 2023. Both U.S. and non-U.S. individuals and institutions can get exposure to tokenized assets on the Arbitrum, Blast, and Canto blockchains – with support for more products on additional blockchains coming in the months ahead.
Commenting on the news, Nick Garcia said: “We’re beyond excited to close out this strategic funding round and pursue new and existing opportunities. Here at Fortunafi, we believe the biggest opportunities that exist today in the broader cryptoasset industry fall within the RWA and stablecoin sectors. We have a distinct vision of what both sectors will look like in the years ahead and we’re ready to execute on our mission.”
FinSMEs
30/05/2024