Singapore-Based Cake DeFi Launches $100M Venture Arm

With the world gradually transitioning to the Web 3.0 model, a diverse range of blockchain gaming platforms, fintech solutions, and Web3 projects are flooding the market.

To help this burgeoning market expand further, Singapore-based fintech platform Cake DeFi, known for its decentralized finance (DeFi) services and applications designed to lower entry barriers, has announced the launch of its corporate venture arm. Titled Cake DeFi Ventures (CDV), the fund will initially be seeded with $100 million.

Cake DeFi Ventures (CDV) aims to deploy the $100 million fund to invest in promising global tech startups covering Web 3.0, Metaverse, NFTs, gaming, eSports, and fintech.

The startups selected by CDV will receive end-to-end support from the Cake DeFi team, including full access to existing Cake DeFi products, the community, and other added-value resources.

Dr. Julian Hosp, co-founder and CEO of Cake DeFi, noted, “By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake’s current status as Singapore’s and Southeast Asia’s fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally.”

Cake DeFi endeavors to build a leading investment platform for DeFi and new alternative assets from Singapore. It offers a fully transparent infrastructure that supplies users with direct access to decentralized financial services and applications while unlocking revenue generation opportunities.

At present, Cake DeFi offers a diverse range of products, including liquidity mining, staking, lending, and the soon-to-be-added loan feature. The platform is highly regulated and complies with the guidelines of the Monetary Authority of Singapore (MAS).

Above all, Cake DeFi is the fastest-growing platform in Southeast Asia, registering 10x user growth and 6x customer asset growth in 2021. A total of $230 million was distributed as rewards among Cake DeFi users in 2021, with $75 million of it paid out in the fourth quarter of 2021 alone.

The platform aims to pay out $400 million to its users this year, and even upwards of $1 billion depending on market conditions.

The addition of Cake DeFi Ventures (CDV) will work in favor of both the parent company and the associated projects.

All projects selected by CDV will be able to leverage the expertise of the Cake DeFi team and the ever-expanding user base of Cake DeFi. At the same time, the Cake DeFi team will be able to invest in projects that align with the platform’s vision, thus optimizing their Web3 and DeFi offerings.

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