News/DeFi Platform M^ZERO Raises $22.5 Million Led by Pantera Capital

DeFi Platform M^ZERO Raises $22.5 Million Led by Pantera Capital

Apr 06,2023,11:53

DeFi platform M^ZERO raised $22.5 million in a financing round led by Pantera Capital, with participation from Road Capital, AirTree, Standard Crypto, ParaFi Capital, and Distributed Capital.

The funds would be used to build a decentralized infrastructure that allows institutional participants to allocate assets on-chain and transfer value in a “completely transparent, open-source, and composable manner, while minimizing their exposure to counterparty risk.” The capital will also be deployed to aid ongoing product development.

Berlin-based M^ZERO Labs is a company seeking to build a neutral infrastructure to link assets in the global financial system with decentralized applications. Its goal is to equip accredited financial institutions that comply with local regulations with advanced middleware for on-chain and open-source value transfer.

 

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