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DeFi, CeFi and institutions: AscendEX’s $50M raise highlights ambitions beyond exchange business

AscendEX’s Series B was led by Polychain Capital and Hack VC, with additional participation from Jump Capital and Alameda Research, among several others. Such influential names provided a “strategic injection of capital and intellectual horsepower” to AscendEX, said Shane Molidor. In addition to providing funding, which will be used to accelerate international market entry and further product innovation, the VC round was intended to solidify a strategic alliance with some of blockchain’s biggest investors.

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Source: Cryptocurrency - investing.com

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