Today the Solv Protocol announced a $6 million funding round including Nomura’s digital asset subsidiary Laser Digital, UOB Venture management and several others, bringing the total funds raised to $14 million. The Singapore DeFi startup developed the Solv Protocol to enable onchain fund management on public blockchains.
Laser Digital also announced it received a license approval from Dubai’s Virtual Asset Regulatory Authority (VARA).
“Solv has built a trustless institutional DeFi platform integrating brokers, underwriters, market makers, and custodians to create the first fund infrastructure on the blockchain to bridge DeFi, CeFi, and TradFi liquidity,” said Nomura Securities’ Olivier Dang who is COO of the wholesale digital office.
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