A team combining expertise from traditional finance and MakerDAO have raised $22M seed funding for institutional DeFi network M^ZERO. IanAllison123 reports
M^ZERO, a new decentralized infrastructure layer for digital asset value transfer, has emerged from stealth mode with a bullish $22.5 million seed round, and the intention to advance the pioneering work done in decentralized finance .
The seed round was led by Pantera Capital, with participation from Road Capital, AirTree, Standard Crypto, The SALT Fund , ParaFi Capital, Distributed Capital, Kraynos Capital, Earlybird, and Mouro Capital . “You can think about M^ZERO as an infrastructural overlay on Ethereum, where large providers of assets and liquidity around the world can exchange value, and builders can create solutions,” Prosperi said in an interview. “Virtuous governance will be crucial for this, and we are developing the rules and code for this to be as decentralised as possible from day zero.”
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