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DeFi asset management protocol Velvet completes $3.7 million financing, with YZi Labs among investors

Summary: According to reports, DeFi asset management protocol Velvet Capital has announced the completion of a $3.7 million financing round, with YZi Labs, Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindful Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, and DWF Ventures participating. This funding accelerates ...

According to reports, DeFi asset management protocol Velvet Capital has announced the completion of a $3.7 million financing round, with YZi Labs, Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindful Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, and DWF Ventures participating.

This funding accelerates Velvet's mission to provide frictionless portfolio management and trading for funds, DAOs, and individual traders, while also driving the launch of its new governance and utility token, Velvet.

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