Range Protocol Closes $3.75M Seed Funding Round Co-Led by HashKey Capital and Nomad Capital
Singapore, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Range Protocol is excited to announce the successful closing of a $3.75M seed funding round, co-led by HashKey Capital and Nomad Capital and with participation from Spark Digital Capital, Mirana Ventures, Symbolic Capital, Asymm Ventures, and Comma3 Ventures.
A spokesperson from HashKey Capital stated: “Range understands that democratization is a core component of decentralized finance and that this wouldn’t be complete without equal opportunities for trading strategies. As the new financial system continues to grow in the coming years, we believe that Range is well-positioned as the upstream of this value and will help drive systematic trading strategies forward for all.”
Range Protocol: A Complete DeFi Asset Management Platform
As DeFi continues to mature, Range Protocl will level the playing field between retail investors and professional digital-asset managers by acting as a full DeFi Asset Management platform. The company offers an on-chain trading infrastructure so that the average DeFi user can get easy access to professional automated trading strategies to enhance their yield.
This includes trading strategies for liquidity provision, derivatives, NFT Finance, and liquid staking derivatives. These are all multi-billion sectors despite being in their early stages and lacking systematic trading strategies for the average user.
Ricky Li, GP of Nomad Capital stated: “We need a professional investment infrastructure platform that can help crypto investors manage their assets in a trustless and professional way. Unlike the traditional finance vintage products like Fidelity and BlackRock, Range is combining the best of both worlds, sophisticated strategies and non-custodian execution.”
The Path Forward
Those interested in learning more can visit the official Range Protocol website here.
Disclaimer: The information provided in this press release is not a solicitation for investment, or intended as investment advice, financial advice, or trading advice. It is strongly recommended that you practice due diligence (including consultation with a professional financial advisor) before investing in or trading securities and cryptocurrency. Range Protocol is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Media Contact Details Contact Name: Veronica Garcia Contact Email: veronica-at-rangeprotocol.com Additional Contacts: Siya Yang Siya.yang-at-hashkey.com Olivia Yao research-at-nomadcapital.io Leon Hu info-at-sparkcapm.com David Toh David.toh-at-mirana.tech Kenzi Wang kenzi-at-symbolic.capital Shiran Liu shiran-at-asymm.ventures Ivan Li ivanli-at-comma3.co
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