DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Expansion
Advanced Blockchain leads the $3.5M Series A financing round of Backd
13.06.2022 / 09:14
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Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) has recently made a seven-figure investment, through a subsidiary, leading the $3.5M Series A financing round of Backd, a trustless reactive liquidity protocol. Spartan Group, Maven 11 Capital, Struck Capital, Apollo Capital, and Divergence Ventures are some of the notable investors that joined Advanced Blockchain in the Backd financing round.
Backd is launching reactive liquidity pools to maximize a user’s assets both in utilization and efficiency. The innovation is supported by the core architecture of the protocol and further expands DeFi user's capabilities to efficiently and autonomously delegate liquidity and earn compounded yield. Backd is...
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