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Friktion Raises $5.5M To Bring Full-Stack Portfolio Management To Defi On Solana

Friktion Raises $5.5M To Bring Full-Stack Portfolio Management To Defi On Solana

01/14/22, 8:30 AM
Money raised
$5.5 million
SINGAPORE / January, 14, 2022 / Friktion Labs, the development organization building Friktion - a Solana-based options and structured product protocol, has concluded a $5.5 million capital raise. Investors of the round include Jump Crypto, DeFiance Capital, Pillar VC, Libertus Capital, Delphi Ventures, Sino Global Capital, Tribe Capital, Castle Island Ventures, Dialectic, Petrock Capital, Solana Ventures, and other angels.

Company Info

Company
Friktion
Additional Info
Friktion is Solana's largest portfolio and risk manager - built for individuals, DAOs, and Institutional Asset Managers to generate returns across market cycles. Friktion Labs, the development organization building Friktion, is founded by a team of quantitative traders, researchers, and engineers with backgrounds in commodities, treasuries, volatility products, and crypto-assets. Friktion Labs seeks to serve the next generation of DeFi users by providing easy-to-access and intuitive sources of return on assets. Follow Friktion's media channels to keep updated with the latest news: Platform Website: https://app.friktion.fi/Twitter: https://twitter.com/friktion_labsDiscord: https://discord.com/invite/beCbA5VpJuDocs:https://docs.friktion.finance/Medium: https://friktionlabs.medium.com/Media Contact: RTC Media@RT.CapitalWebsite: https://RT.Capital