📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

Kokoa Finance Raised $2.3M in Funds to Build Klaytn DeFi

Published 09/30/2021, 11:45 AM
Updated 09/30/2021, 12:00 PM
Kokoa Finance Raised $2.3M in Funds to Build Klaytn DeFi

  • Kokoa Finance has successfully completed its $2.3M funds led by Hashed.
  • The funding will be used to build Klaytn DeFi.

Kokoa Finance has successfully completed its $2.3 million funds led by Hashed. Aside from Hashed, Sky Vision Capital, a41 Ventures, and a number of individual angel investors also led the fund.

Moreover, the funding will be used to build Klaytn DeFi. In fact, Klaytn is the blockchain launched by KakaoTalk company Kakao. This most prominent Klaytn blockchain was launched in 2019.

More so, the platform has seen great success owing to its partnership with KakaoTalk and the native Klip wallet. Added to this, the platform’s capitalization has reached $4 billion due to its adoption in Korea.

Despite this success, Den’s DeFi ecosystem is rapidly emerging, offering lucrative opportunities for projects like Kokoa Finance. Specifically, Kokoa Finance is establishing the Kokoa Stable Dollar (KSD) stablecoin system, similar in architecture to the DAI system on ...

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.