Alan Howard has raised $7,5 million on DeFi trading platform Nested

It has managed to combine traditional and decentralized finance, NFTs, and cryptocurrencies, creating a unique financial product

03.03.2022 - 11:35

210

1 min

What’s new? The French DeFi platform Nested has closed a $7,5 million Series A funding round. The round was led by Brevan Howard, headed by billionaire Alan Howard. Also, the UK investor was joined by Republic Capital, Kenetic Capital, CMT Digital, and others. Nested plans to use the funding to expand the number of supported blockchains and the platform’s functionality, as well as to hire employees.

The Block’s material

What is known about Nested? The company was founded in 2021. Nested is a cryptocurrency social trading DeFi platform based on NFT. Once an account is created, Nested allows users to create investment portfolios that can be demonstrated via social media as NFTs. Rudy Kadoch, the founder of Nested Finance, said:

“Our goal is to combine TradFi, DeFi, NFT, and cryptocurrencies in a single portfolio. Its replication, management, and monetization are available to both advanced and novice investors. We are committed to democratizing access to DeFi and facilitating financial opportunities for everyone.”

Author: