Meow, a platform providing a compliant bridge for institutional and company buyers to take part in cryptocurrency funding alternatives, right now introduced that the corporate has raised USD $5 million in a seed spherical of funding. Coinbase Ventures, Gemini Frontier Fund, Lux Capital, and others together with Soar Capital, Gradual Ventures, Shine Capital, Fort Island Ventures, Acrylic, participated within the spherical.
Till now, company treasuries have lacked a compliant, user-friendly path to ship cash-in-cash-out participation in crypto funding alternatives. Meow seeks to get rid of the necessity for advanced crypto wallets and allow a direct and compliant bridge between institutional buyers and crypto market yield. The corporate plans to offer direct entry to decentralized finance (DeFi) protocols for crypto yield.
“Company treasuries, who’re sometimes extra cautious and measured buyers, can have direct, cash-in-cash-out entry to essentially the most trusted digital buying and selling desks and protocols, to doubtlessly yield them return on money that at present sits idle in a financial savings account,” mentioned Brandon Arvanaghi, co-founder and CEO, Meow. “Meow ensures SEC-compliant entry for company treasuries to rising crypto alternatives, which is what they’ve been quietly asking for and now opens the doorways for Wall Road to confidently take part.”
Aiming to ship compliant investing for company treasures, the Meow platform will provide some safety from the dangers of inflation and supply crypto-sourced yield in fiat (USD). Enabling company buyers to work together with DeFi protocols in money, which is a longtime means for them to function, will present a user-friendly, compliance-first, sustainable and long-term strategy to take part in rising crypto investments and potential yields.