Cake DeFi, a fully transparent, highly innovative and regulated global fintech platform, has launched Cake DeFi Ventures. The venture arm, worth $100 million, will be vested in accelerating growth of tech firms with a focus on gaming, web3, and fintech, CoinText learned from a press release.
$1B+ managed in customer assets
With over $1 billion managed in customer assets, Cake DeFi helps its user base of more than half a million registered members to profit from their digital asset investments.
Focus on investments in tech startups
Cake DeFi Ventures (CDV) will turn attention to tech startups across the metaverse, the NFT space, Web3, gaming, fintech, and esports. The venture arm will look for investment opportunities in startups across the globe.
CDV portfolio companies will get strong support from Cake
Portfolio companies of CDV can expect reliable support from Cake DeFi. They will have access to numerous products, resources, connections, users, and expertise within the global blockchain industry.
Expertise will be provided particularly by the executives of CDV and Cake DeFi: cofounders Dr Julian Hosp, CEO and U-Zyn Chua, CTO.
CEO is a seasoned blockchain entrepreneur
Dr Hosp is an important influencer in crypto and blockchain. His channels are followed by over one million people worldwide.
CTO is a notable engineer and crypto investor
U-Zyn, a blockchain engineer, investor, and enthusiast is incredibly passionate about the design and development of decentralized systems.
Dr Hosp and U-Zyn created Cake DeFi to transform the world’s premium investment platform through DeFi and innovative alternative assets from Singapore.
Julian Hosp, Cofounder and Chief Executive Officer of Cake DeFi said:
By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake's current status as Singapore's and Southeast Asia's fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally.
U-Zyn Chua, Cofounder and Chief Technology Officer of Cake DeFi added:
As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability and specialization, investing in companies that bring synergies to Cake DeFi's core business will allow us enhance our Web3 offerings.