Sequoia Capital India and Quona jointly led a $6 million seed funding round for decentralized finance (DeFi) loan protocol MoHash.
sequoia and Quonaon the funding round Jump Crypto, Hashed Ventures, Coinbase Ventures, CoinSwitch and Ledger PrimeAccompanied by.
Established in 2021 MoHashfor financing loans to private companies in fast-growing economies financing and liquidity using crypto assets It is a DeFi protocol that provides priority in loans stablecoins uses.
Shailesh Lakhani of Sequoia Capital:
MoHash promises uncorrelated, hard-to-reach returns that deliver traditional securities to the crypto world. We think this is exactly a DeFi product that can solve real-world problems with the power of blockchain technology.
said.
Experts in the crypto market as the decline continues by the players who continue their operations in the cryptocurrency markets to the creditors requests for will increase is thinking.