Crypto Deal Flow: July 9
- Radix | LocalGlobe and TransferWise |$4.1m | seed
Layer-1 crypto project Radix completed a seed funding to the tune of $4.1 million. Investors — LocalGlobe and TransferWise’s Taavet Hinrikus. Radix is the Decentralized Finance Protocol suitable for global DeFi industry. Radix DLT is developing a DeFi protocol that would grant users access to any digital asset. The project is focussed on leveraging blockchain technology to develop solutions that will address existing problems that have ravaged the centralized finance industry. Radix’s public test was launched last year and was able to complete more than one million transactions per second, a feat that is 5x higher than NASDAQ at its peak. Radix plans to use this latest investment to grow the global team and realise Radix’s vision to build the protocol that powers the future of decentralised finance as it prepares for its token listing towards the end of this year.
Project site: https://www.radixdlt.com/
2. HOPR| Binance Labs + 4 funds| $1m| seed
Binance Labs is leading the strategic $1 million investment round for HOPR, the first-ever open incentivized privacy and data protection platform, ahead of the company’s token sale.This is Binance Labs’ first investment of the year, who leads the investment round which includes Focus Labs, Spark Digital Capital, Caballeros Capital, and Synaitken. HOPR provides tools and frameworks for the Web3 ecosystem, a decentralized internet, ensuring everyone has control of their privacy, data, and identity as they navigate online. There is rather very detailed report about HOPR Network but it’s on Russian only.
Source: Binance blog
Project site: https://hoprnet.org/
3. Coinbase|rumors about IPO
Crypto exchange Coinbase readies landmark stock market listing, sources say. Coinbase Inc has started plans for a stock market listing that could come as early as this year, making it the first major U.S. cryptocurrency exchange to go public, according to three people familiar with the matter. Coinbase could pursue the listing later this year or early next year, the sources said, cautioning that the plans are still subject to change. The company has not yet registered its intention to go public with the SEC, but has been in talks to hire investment banks and law firms, the sources added. One of the sources said that Coinbase, which was valued at more than $8 billion in its latest private fundraising round in 2018, is exploring going public via a direct listing instead of a traditional initial public offering (IPO). Coinbase IPO or direct listing can transform people’s mind about crypto in a positive side.
Project site: https://www.coinbase.com