iZUMi Finance, one of the decentralized finance platforms, announced today that it has received $30 million in funding.
iZUMi Finance, headquartered in Singapore; It provides liquidity services by offering users the opportunity to convert a certain asset in their hands into cash or a different asset.
users in total approximately $58 million iZUMi Finance, in which it invests its worth of funds; simultaneously using Ethereum, BNB Chain, Polygon and Arbitrum blockchains.
iZUMi Finance, on the one hand, received a funding of 30 million dollars, on the other hand iZiSwap announced the creation of a new decentralized exchange (DEX).
According to the company’s announcement today, the fund’s $20 million part came from a group of institutional investors, including Ivy Ventures, Cobo and Mirana.
Jimmy Yin, one of the founders of iZUMi, talked about the new products they developed as a company after the funding they received and said. “iZUMi Finance; By removing barriers to liquidity, it makes decentralized finance both more attractive and efficient for users.” said.