Financial Technology Provider Cake Launches VC Arm
The Singapore-based financial technology platform Cake DeFi has launched a venture capital arm that is going to be pouring funds into start-ups in areas such as Web3 and gaming. The new arm already has an initial $100 million in funds and picked its first investment target - the start-up The Edge of Company. The objective of launching the new arm of the business is to raise the profile of blockchain and cryptocurrency and make these more accessible worldwide. Given that...
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