Cake DeFi Continues Strong 2021 Momentum By Launching A $100m Corporate Venture Arm

Written by: Mustafa Mulla

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Mar 9, 2022


Funding ongoing developments in Web3, gaming, and fintech creates a competitive edge for industry participants.

For example, cake DeFi, the well-respected one-stop shop for decentralized finance, set up a $100 million fund to support startups worldwide.

It marks a crucial milestone for the industry and confirms the need to build products, services, and infrastructure. 

Cake DeFi Is On A Roll

Making decentralized finance applications and protocols more accessible to mainstream users is paramount.

Cake DeFi acknowledges the need to lower the barriers to entry for this industry vertical. Its platform enables users to explore the decentralized finance landscape without unnecessary bells and whistles.

That approach allowed the platform to grow its user base by 1,000% in 2021 and grow customers’ assets by 600%. 

As a fully transparent, innovative, and regulated fintech platform, Cake DeFi holds a strong market position.

More importantly, it is a convenient gateway to decentralized finance services and applications by letting users generate crypto and digital assets returns.

Additionally, the platform bets big on educational content to ensure users know everything about their investments and how these assets may perform. 

Through 2021, Cake DeFi has paid out $230 million in customer rewards. That number is expected to rise to at least $400 million in 2021, although it may go as high as $1 billion, depending on how the crypto markets evolve.

Moreover, Cake DeFi enhanced its product suite to include more revenue-generating capabilities, including liquidity mining, staking, freezer, and lending.

These enhancements and developers will benefit Cake DeFi’s over half a million registered users. In addition, as mainstream interest in digital assets increases, users will be more eager to put them to work and establish a cash flow.

Bringing more exposure to decentralized finance remains a crucial part of Cake DeFi’s roadmap, although the team will explore other options through its new venture arm. 

Cake DeFi Ventures Has Arrived

It is commendable to see an established DeFi project create a dedicated venture arm to invest in global Web3, gaming, and fintech startups.

Cake DeF Ventures has a $100 million war chest to focus on investing in startups capable of bringing synergistic value to Cake’s core business.

In addition, the team will explore global investment opportunities across the Metaverse, gaming, fintech, NFTs, and more. 

Cake DeFi Co-founder and CEO Julian Hosp adds:

“By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake’s current status as Singapore’s and Southeast Asia’s fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally.” 

Companies can apply for funding from CDV, as can VC firms or investment funs looking to explore co-investment opportunities or strategic partnerships. Shortlisted projects will receive substantial support from Cake DeFi and its products, connections, user

s, resources, and global blockchain expertise. CDV Aims to foster startups regardless of their stage in the development process. 

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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