Singapore-based fintech platform Cake DeFi has announced the launch of its corporate venture arm with $100 million reserved capital. Officially called Cake DeFi Ventures (CDV), the platform will mainly be focusing on investing in tech startups across different industries. These sectors include Web3, the NFT space, metaverse, gaming and eSports, and fintech spaces.
In turn, these investments will bring synergistic value to Cake’s core business. That said, CDV will be on the lookout for global funding opportunities around the world.
Moreover, CDV is spearheaded by Cake DeFi’s co-founders Dr. Julian Hosp (CEO) and U-Zyn Chua (CTO). Hosp is a renowned blockchain entrepreneur regarded as an influencer in the crypto space with more than one million followers. In 2025, he plans to bring blockchain awareness and understanding to a billion people.
Speaking about Cake DeFi’s …
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