Falcon Finance secures $10 million investment from M2 Capital and Cypher Capital

Source
Minseung Kang

Summary

  • Falcon Finance said it raised $10 million in investment.
  • The investment included M2 Capital and Cypher Capital.
  • Falcon Finance said it will build a Universal Collateralization infrastructure and expand global partnerships.

Falcon Finance announced on the 9th (local time) that it had secured a strategic investment of $10 million (about KRW 14.2 billion).

Falcon Finance said on its official blog that it raised $10 million in a funding round led by M2 Capital, an investment arm of M2 Group, a financial group headquartered in the United Arab Emirates (UAE). Blockchain infrastructure-focused investor Cypher Capital also participated in the round.

Falcon Finance is building a 'Universal Collateralization' infrastructure that converts all assets into collateral to create on-chain liquidity. Through this, it aims to provide a stable liquidity foundation that connects real-world assets and DeFi (decentralized finance).

James Greenwood, CEO of M2 Group, said, "The next phase of the digital asset market will be an era in which innovative products combine on robust and transparent infrastructure," adding, "Falcon's collateral model and synthetic dollar protocol are key technologies that enable institutions, family offices, and high-net-worth individuals to access the market in a stable manner."

Andrei Grachev, co-founder of Falcon Finance, said, "The investments from M2 and Cypher Capital signal that Falcon has positioned itself as a core project connecting DeFi and real-world finance," adding, "With this funding, we will accelerate the expansion of global partnerships and the advancement of our collateral infrastructure."

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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