Jayson Hobby, the former CEO of crypto lending and borrowing platform Compound, spent five years at the company trying to make it easier for investors to use their crypto holdings. But last year he left to create a startup with two other former Compound executives.
Now the three cofounders are preparing to launch Legend, which Hobby says will improve upon what he and his colleagues built at Compound. On Tuesday, Legend announced its first funding round, raising $15 million from Andreessen Horowitz and Coinbase Ventures.
