DeFi, a peer-to-peer financial system that uses blockchain technology, is among the fastest growing sectors of the crypto industry. It includes prediction markets like Polymarket, NFTs like Trump’s digital trading cards, and stablecoins, a type of crypto designed to fluctuate in line with a fiat currency like the U.S. dollar.
August, a crypto-focused prime brokerage firm, is seeking to make it easier for investors to access all sorts of DeFi, short for decentralized finance, through one platform. The company has raised $10 million in a Series A led by Dragonfly Ventures. Other investors in the round include SCB Limited, 6th Man Ventures, and Foresight Ventures. August’s valuation in the funding round was not disclosed.
