SEOUL, South Korea,
Dec. 31, 2020 /PRNewswire/
-- RAI Finance, a blockchain-based cross-chain swap protocol,
announced on the 30th that it has succeeded in attracting a
strategic investment from global crypto fund NGC Ventures.
RAI Finance is a protocol that provides cross-chain swap
functionality based on the Polkadot blockchain. RAI Finance
utilizes Parachains on Polkadot to increase liquidity and provide
access to assets across major blockchains.
The investment was led by NGC Ventures, a world-renowned crypto
fund. NGC Ventures is a Singapore-based blockchain investment company
that has invested in major blockchain projects such as
Algorand, Polkadot, Terra, and Avalanche. RAI Finance has been able
to raise about 1.7 billion won from
GBIC and Alphabit through previous investment rounds.
"We are very happy to succeed in attracting a series of
strategic investments following the last round," said Keonho Lee,
CEO of RAI Finance. "We are currently running the RAI swap
test version and will soon be ready for the launch."
Roger Lim, founding partner of
NGC ventures also added, "Rai is making DeFi with interchain
operability possible, we believe this is one of the most critical
things happening in 2021. RAI team are passionate and experienced,
we are looking forward to being part of their journey."
About RAI Finance
RAI Finance is a protocol designed to provide DeFi with a wider
range of assets, a higher amount of liquidity, and a diverse set of
financial use cases. When this feature set is combined with the
cross-chain compatibility of the Polkadot ecosystem, it eliminates
fragmentation across the existing DeFi ecosystem by bringing a
complement of new assets and a higher amount of liquidity to
decentralized finance.
Website: https://rai.finance
Contact
Myunghoon Kang 010-9566-2134 /
hoon@rai.finance
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RAI Finance
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SOURCE RAI Finance