Search results for CoinFund
Crypto
Ground raises $3.6 million to offer API for onchain yield products
Ground, a startup founded by former Superstate co-founder Reid Cumming, has closed a $3.6 million pre-seed funding round. The company provides a platform that lets fintech firms and asset managers access onchain yield products through an API. The round was co-led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One and CoinFund Ventures. Ground supports protocols including Aave, Morpho, Maple and Kamino.
Crypto
Trase Finance raises $32 million in Series A to expand cross-border stablecoin payments
Trase Finance raised $32 million in a Series A round. CoinFund led the investment, with participation from Coinbase Ventures, Jump Capital, Paxos and HOF Capital, Cointelegraph reported on June 17. Trase Finance provides banking connectivity, foreign exchange and stablecoin settlement infrastructure for cross-border payments in Latin America. Its cumulative processed transaction volume has exceeded $10 billion. The company plans to use the funds to expand into the United States and Asia-Pacific.
Crypto
Cosmos ecosystem Leap Wallet to end service in May
Leap Wallet, a non-custodial wallet in the Cosmos ecosystem, will end operations of its software suite on May 28, The Block reported. The shutdown covers its browser extension, iOS and Android apps, Leap web app, Swapfast exchange platform and the Leap Cosmos Hub validator. Users who delegated ATOM to the validator must redelegate to keep staking rewards. Users can still access assets via recovery phrases or private keys in other wallets.
