Cake DeFi Introduces New $100 Million Corporate Venture Arm ‘CDV’
- Cake DeFi launched Cake DeFi Ventures (CDV).
- CDV is Cake DeFi’s corporate investment arm.
- Cake DeFi executives expressed their thoughts on the new milestone.
Singapore-based fintech platform Cake DeFi has announced the launch of its corporate venture arm with $100 million reserved capital. Officially called Cake DeFi Ventures (CDV), the platform will mainly be focusing on investing in tech startups across different industries. These sectors include Web3, the NFT space, metaverse, gaming and eSports, and fintech spaces.
In turn, these investments will bring synergistic value to Cake’s core business. That said, CDV will be on the lookout for global funding opportunities around the world.
Moreover, CDV is spearheaded by Cake DeFi’s co-founders Dr. Julian Hosp (CEO) and U-Zyn Chua (CTO). Hosp is a renowned blockchain entrepreneur regarded as an influencer in the crypto space with more than one million followers. In 2025, he plans to bring blockchain awareness and understanding to a billion people.
Speaking about Cake DeFi’s new milestone, the company’s CEO further explains:
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.
Meanwhile, CTO U-Zyn Chua, who also happens to be a blockchain engineer, comments, “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.
Furthermore, potential companies of CDV can anticipate blistering support from Cake DeFi and receive access to a variety of Cake products, users, connections, expertise, and resources within the industry.
Read more: https://coinquora.com/cake-defi-introduces-new-100-million-corporate-venture-arm-cdv/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
