Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralised finance) services and applications accessible to everyone, has launched its corporate venture arm with US$100 million in earmarked capital.
Cake DeFi Ventures (CDV) will be focused on investing in tech startups across Web3, the metaverse, the NFT space, gaming, esports and fintech spaces that will bring synergistic value to Cake’s core business. Based in Singapore, CDV will look for global investment opportunities in startups across the world.
CDV is led by Cake DeFi’s Co-founders Dr Julian Hosp, CEO, and U-Zyn Chua, CTO. Dr Hosp is a seasoned blockchain entrepreneur, widely regarded as a leading influencer in the crypto and blockchain space with over one million followers across all of his channels globally. His vision is to bring blockchain awareness and understanding to a billion people by 2025. U-Zyn, a blockchain engineer, enthusiast and investor for over a decade is highly passionate in decentralized systems design and development. Together they formed Cake DeFi with the vision of building the world’s leading investment platform into DeFi and up-and-coming alternative assets from Singapore.
Portfolio companies of CDV can expect to receive strong support from Cake DeFi, and have the opportunity to access numerous Cake products, connections, users, resources, and expertise within the global blockchain industry.
“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,”
said Julian Hosp, Co-founder and Chief Executive Officer of Cake DeFi.
“As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability and specialization, investing in companies that bring synergies to Cake DeFi's core business will allow us enhance our Web3 offerings,”
said U-Zyn Chua, Co-founder and Chief Technology Officer of Cake DeFi.
To apply for funding from CDV, please email [email protected] with the project details. The Cake DeFi team will get in touch with shortlisted projects. Venture capital firms or investment funds interested in co-investment opportunities or strategic partnerships may also reach out for further discussion.