Alameda Research, Polychain Capital Back 'CeFi DeFi' Crypto Exchange AscendEx

[Markuri33]

AscendEX has raised $50 million in a Series B funding round led by Polychain Capital and Hack VC and backed by Alameda Research. Another area of focus for the exchange is further expansion and development of decentralized finance (DeFi) products, specifically focused on yield generating protocols, said Shane Molidor, global head of business development at AscendEX. AscendEX, a Singapore-based crypto trading platform, has today announced it raised $50 million in a Series B round. Co-led by Polychain Capital and Hack VC, the fundraise also saw participation from Jump Capital and Alameda Research.
Other investors in the round include Uncorrelated Ventures, Eterna Capital, Acheron Trading, Nothing Research, and Palm Drive Capital, with the Series B raise bringing AscendEX’s valuation to $455 million.more information