The group of investors and experts in decentralized finance known as the DeFi Alliance, which brings together more than 60 companies and has already accelerated 28 projects, has announced its first investment fund, the DeFi Alliance Fund I.
In its official announcement, the DeFi Alliance highlighted it will invest in “several dozen early-stage startups each year”. With this, the idea is to formalize and feed its acceleration program. “We will distribute capital across the DeFi and adjacent industries (such as NFTs)”, the statement said.
DeFi Alliance forecast more than 1 billion users by 2025
In 2021, the DeFi cryptocurrency marketplace saw impressive growth, with a year-to-date increase of over 350%. As DeFi projects gain momentum, major industry players joined the group and launched the new fund, whose initial capital is US$ 15 million.
The main investors in the DeFi Alliance Fund I are CMT Digital, Cumberland DRW, Susquehanna (SIG) and Mark Cuban, who has been very active in the NTF area. The outlook is that by 2025 the investment will reach 1 billion users.
The fund will help Alliance members in their acceleration programs by providing resources to build, deploy and grow their platforms.
Besides, new DeFi-focused ‘bands’ will be created in addition to the existing ones, which will provide startups with assistance with regulations, liquidity, recruitment, and growth. These new ‘bands’ will be for NFTs, Asian DeFi startups, and institutional education platforms.