Meow, a platform providing a certified bridge for institutional and business financiers to take part in cryptocurrency financial investment chances, today revealed that the business has actually raised USD $5 million in a seed round of financing. Coinbase Ventures, Gemini Frontier Fund, Lux Capital, and others consisting of Jump Capital, Slow Ventures, Shine Capital, Castle Island Ventures, Acrylic, took part in the round.
Until now, business treasuries have actually done not have a certified, easy to use course to provide cash-in-cash-out involvement in crypto financial investment chances. Meow looks for to get rid of the requirement for complicated crypto wallets and allow a direct and certified bridge in between institutional financiers and crypto market yield. The business prepares to offer direct access to decentralized financing (DeFi) procedures for crypto yield.
“Corporate treasuries, who are typically more cautious and measured investors, will have direct, cash-in-cash-out access to the most trusted digital trading desks and protocols, to potentially yield them return on cash that currently sits idle in a savings account,” stated Brandon Arvanaghi, co-founder and CEO, Meow. “Meow ensures SEC-compliant access for corporate treasuries to emerging crypto opportunities, which is what they have been quietly asking for and now opens the doors for Wall Street to confidently participate.”
Aiming to provide certified investing for business treasures, the Meow platform will use some security from the threats of inflation and offer crypto-sourced yield in fiat (USD). Enabling business financiers to engage with DeFi procedures in money, which is a recognized method for them to run, will offer a user-friendly, compliance-first, sustainable and long-lasting method to take part in emerging crypto financial investments and possible yields.