cFund Invests in Paribus
Paribus believes that crypto, on the whole, is “for the people by the people.”
Paribus believes that crypto, on the whole, is “for the people by the people.” In funding the company, we were fortunate to have attracted a number of strategic investors and were afforded the luxury to choose wisely. Smart money to us were not passive supporters who offered a vague promise to hold nor were they individuals that might make noise leading up to a launch and promptly disappear. This is all too common in the industry. Crypto VCs are typically fledgling organizations who are not steeped in private equity history and don’t often constitute value-adds, however, there are exceptions and we found one.
Paribus is proud to announce that cFund has been admitted to Paribus’ list of strategic investors. cFund describest itself as “an early-stage sector agnostic venture firm in the Blockchain industry anchored by IOHK and managed by Wave Financial.” Wave Financial is a digital asset manager with ~$1 billion under management across various different strategies and products. IOG developed the Cardano blockchain and ADA cryptocurrency as a research company. IOG’s interest is to accelerate the adoption of Cardano and choosing to partner with cFund as an asset manager brings a credibility, integrity and alignment of interests for Paribus that is unrivaled. It is the embodiment of smart money.
While our funding largely came through private, trusted investors, having cFund as an investor is effectively advisory and de facto partner as well as capital contributor. We are proud to be a part of their portfolio companies which counts SundaeSwap, Ardana, DC Spark, Milkomeda, Coti, Blockswap and Occam.fi among its investments. We are in good company particularly with none other than Charles Hoskinson as a listed advisor and believe that cFunds guidance will prove to be invaluable.
Anchored by IOG/Charles Hoskinson and managed by Wave Financial, an SEC- registered investment advisor with ~$1 billion of AUM, cFund is an early-stage, sector agnostic venture fund that invests in innovative technology companies building Cardano-based apps, services, and products or deploying on other IOG R&D initiatives. The purpose of the fund is to accelerate adoption/development of the Cardano blockchain and its ecosystem.
Paribus is a first-of-its-kind cross-chain lending/borrowing platform built on the Cardano blockchain. Paribus is poised to lead the industry in unlocking and fully realizing the intrinsic value of NFTs and other unconventional assets. At its core Paribus utilizes a sophisticated dynamic interest rate algorithm. Paribus aims to achieve liquidity across chains for a vast range of conventional and unconventional digital assets such as liquidity positions, synthetics, virtual land and NFTs. The ultimate vision of Paribus is to leverage dormant on-chain value across the entire crypto market.
World’s First Multi-Token ISPO — By Genius X - Starts on 12th of September, epoch 363!
Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO.I WANT TO KNOW MORE!