DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital

Cointelegraph

Published Feb 24, 2021 09:00AM ET

Updated Feb 24, 2021 10:40AM ET

Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-U.S. dollar stablecoins.

DFX raised more than $5 million in seed funding from Polychain and True Ventures to create a new blockchain-powered market for stablecoins and open up DeFi applications to a global audience. Announcing the news Wednesday, DFX said that other investors included industry players like Hex Capital, CMS Holdings, Castle Island Ventures and DeFi Alliance.

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