Openmarkets plans to raise $50 million in funding to support DeFi business and overseas expansion

According to Foresight News, according to Tech in Asia, Australian financial infrastructure provider Openmarkets Group said it plans to raise US$50 million in funding to promote its entry into the DeFi field and expand overseas markets such as Singapore, Hong Kong and the United States. The funds raised will be prioritized for launching crypto transactions, tokenizing real assets, and building a digital asset treasury to manage its holdings of cryptocurrencies, stablecoins and other digital assets. CEO Dan Jowett said the treasury will be managed by third parties that may also make strategic investments in other Web3 companies.
Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice from this platform. This platform does not make any guarantees about the accuracy, completeness, originality and timeliness of the information in the article, nor is it responsible for any losses caused by the use or reliance of the information in the article.