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Alex Raises $5.8M To Bring Defi Services To The Bitcoin Ecosystem

Nov 15, 2021•over 3 years ago

Amount Raised

$5.8 Million

Description

ALEX, the first full-service DeFi platform on Bitcoin via Stacks, today announced $5.8M in new financing led by White Star Capital with participation from Cultur3, GBIC, OK Blockchain Capital, and others. The company will use the capital to realize its vision of building trustless and decentralized financial services, secured by the Bitcoin blockchain, while expanding its world-class team.

Company Information

Company

Alex

About

ALEX is the first full service DeFi platform on Bitcoin via Stacks. ALEX brings your bitcoin to life by allowing: projects to launch their tokens, fixed-rated and fixed-term borrow/lending without risk of liquidation, advanced DEX (Decentralized Exchange), deposit tokens to earn interest and obtain high returns through yield farming. ALEX is a protocol built by veteran Quants who have built the quantitative trading and risk management systems for Wall St. banks. ALEX has taken that knowledge, experience and skill in engineering robust modelling over to DeFi. The vision of ALEX is to create the first truly permission-less, trustless and decentralized financial service for the people.