Binance invests $4,5 million in fintech company Ambit Finance
The exchange will integrate innovative technologies from the field of decentralized finance as part of the cooperation

02.12.2022 - 13:45
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5 min
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Main Takeaways:
Binance Labs has made a strategic investment in Ambit Finance to accelerate the development of trustless DeFi within the BNB Chain ecosystem. Ambit, representing a new breed of DeFi apps, will enhance the utility of BUSD and other assets across the BNB Chain ecosystem. The project is powered by an experienced team with a diverse background, which includes former Anchor Protocol leadership. Ambit relies on the support of both old and new protocol communities, building its cutting-edge protocol with the emphasis on security and sustainability as well as incentivizing loyal community members.
Binance Labs
class="css-6hm6tl">DISCLAIMER
class="css-6hm6tl">This announcement is not directed at any investors or potential investors, and does not constitute an offer to sell — or a solicitation of an offer to buy — any securities, and may not be used or relied upon in evaluating the merits of any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in this release are subject to change without notice. The contents in here should not be construed as or relied upon in any manner as investment, legal, tax, or other advice.
class="css-6hm6tl">As the venture capital arm and accelerator of Binance, Binance Labs is on the continued lookout for the next big Web3 innovation. Since 2018, Binance Labs has invested in more than 200 projects from 25 countries. It has also incubated more than 50 projects that are native to Web3 through the Binance Labs Incubation Program, including Polygon, Perpetual Protocol, and Dune Analytics. As of August 2022, Binance Labs is the largest crypto VC in the industry with Assets Under Management (AuM) of $7.5 billion and a Multiple on Invested Capital (MOIC) of 21.0x.
class="css-6hm6tl">For more information, follow Binance Labs on Twitter
This material is taken from the website https://www.binance.com.
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