STON.fi, a London, UK-based decentralized automated market maker exchange (AMM DEX) built on the TON blockchain, raised an undisclosed amount in funding from CoinFund.
The company intends to use the funds to further enhance operations for its rapid growth, on a mission to expand financial services to Telegram users via instant exchange of Toncoin and USD stablecoins for any native token at the best rate.
Led by CEO Slavik Baranov, STON.fi provides a decentralized cross-blockchain platform that allows users to trade their crypto assets across multiple blockchains without the need for bridging or wrapping. Integrating with the Telegram Messenger and its 900 million monthly active users, it offers a solution that empowers individuals to manage their digital assets while maintaining full control.
Commenting on the news, Slavik Baranov said: “STON.fi is building a cross-blockchain decentralized platform that provides a reliable and secure way to trade cryptocurrencies without relying on centralized institutions.”
FinSMEs
14/05/2024