Ondo Finance has raised a US$20m Series A to accelerate the adoption of DeFi among mainstream investors.
The round of funding was led by Founders Fund, the venture capital firm founded by Peter Thiel, and Pantera Capital. The new capital will allow Ondo to build out its team and support new product launches including its multi-chain expansion. The DeFi company is building a decentralised investment bank focused on connecting stakeholders in the DeFi ecosystem, including decentralised autonomous organisations (DAOs), institutions and retail investors. As its first offering, the company built a &lsq