ConsenSys raises $450M in Series D funding, doubles valuation in four months

by Aurelia Butler 15 March 2022, 18:00 169 Views

Proceeds from the round will, in part, be converted to Ether (ETH) to rebalance the ratio of ETH to United States dollar equivalents in ConsenSys’ treasury. The firm actively seeks to use its own financial infrastructure to earn yields on such assets in decentralized finance (DeFi), protocols and via staking. The proceeds will also support the expansion of MetaMask, with a major redesign scheduled for release later in 2022 and the roll-out of a plug-in extensibility system that will allow integration with a wide variety of blockchain protocols and account security schemes.

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Source: Cryptocurrency - investing.com

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ConsenSys raises $450M in Series D funding, doubles valuation in four months

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