The Tulip Protocol blockchain project has raised $5 million in investments

The funding round was led by large funds and strategic partners of the project

28.10.2021 - 08:30

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What's new? Tulip Protocol, the aggregator of cryptocurrency lending, has reported on the successful completion of the financing round, which attracted $5 million of investments.

The Tulip team is excited to announce that we have completed a raise of $5MM from strategic partners @jumpcapital @AlamedaResearch @ambergroup_io https://t.co/tSP8iReKzc @fisher8cap @cmsholdings @rarestonecap @fintech_io @DV_Chain pic.twitter.com/6AfRJR2s6w— Tulip Protocol (@TulipProtocol) October 27, 2021

Who was involved? The round was led by Alameda Research and Jump Capital. Other major companies include CMS Holdings, Amber Group, FinTech Collective and Cadenza Ventures.

What will the funds be used for? Funding in the amount of $5 million is planned to be used to expand the staff of Tulip Protocol and introduce new data technology. Currently, about $800 million of funds are blocked in the aggregator of credit offers in cryptocurrency.

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