New York, NY, United States – December 20, 2023 – Coded Fi Ltd has announced the successful acquisition of Chainge Finance, a leading force in the decentralized finance sector, with the transaction valuing Chainge at an impressive $47 million. This strategic move solidifies Coded Fi’s commitment to innovation and growth within the DeFi landscape, propelling the company into a new era of success.
Following the acquisition, Dejun Qian joins the Coded Fi Ltd board together with Najam Kidway and Mike Lempres.
Najam Kidwai, managing partner at C1 Holdings for Crypto 1 ETF—a $500M Secondaries Fund focusing on companies in the Digital Assets space with global investments and a presence in Silicon Valley and UAE – coalesces with Mike Lempres, a seasoned professional who has chaired the Board of Directors at Silvergate Bank, held executive roles at A16Z, and served as Chief Legal & Risk Officer at Coinbase. Additionally, DJ Qian, a notable figure in the DeFi industry, further enriches this trio’s collective expertise, setting the stage for continued growth and notable achievements within Coded Fi’s endeavors.
Coded Fi is fervently pursuing its mission to establish itself as a frontrunner in the DeFi sphere. The company’s core objective revolves around providing a comprehensive decentralized crypto trading solution that caters to users globally. This vision is centered on delivering an all-in-one solution that simplifies and enhances the crypto trading experience.
Chainge stands out for its decentralized wallet, supporting an extensive range of 55 chains, and its robust cross-chain aggregated swap infrastructure. Leveraging these cutting-edge capabilities, Coded Fi is poised to enhance its offering of crypto trading solutions to users worldwide.
This acquisition resonates with Coded Fi’s unwavering commitment to driving forward-thinking products in the realm of decentralized finance. As a result, Coded Fi eagerly anticipates a promising future marked by continued growth and unparalleled service to its valued users.
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