DeFi Platform M^ZERO Raises $22.5 Million Led by Pantera Capital

DeFi platform M^ZERO raised $22.5 million in a financing round led by Pantera Capital, with participation from Road Capital, AirTree, Standard Crypto, ParaFi Capital, and Distributed Capital.

The funds would be used to build a decentralized infrastructure that allows institutional participants to allocate assets on-chain and transfer value in a “completely transparent, open-source, and composable manner, while minimizing their exposure to counterparty risk.” The capital will also be deployed to aid ongoing product development.

Berlin-based M^ZERO Labs is a company seeking to build a neutral infrastructure to link assets in the global financial system with decentralized applications. Its goal is to equip accredited financial institutions that comply with local regulations with advanced middleware for on-chain and open-source value transfer.

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.