DeFiner, a self-described “decentralized finance network for crypto savings, loans, and payments,” has received an investment from SNZ Holding, a “global network of top tier venture capitals and state-of-the-art blockchain technologies,” according to a press release.
SNZ Portfolio has now acquired Nervos, Cosmos, and Acala blockchain networks. The goal here is to refine SNZ Holding’s security protocols in the DeFi space, improving security for DeFi users overall.
Speaking on the matter is the CEO of DeFiner, Jason Wu, who said:
“This investment positions DeFiner further into the heart of the DeFi space, in an expanded community of investors and developers, providing innovative solutions within the blockchain industry. There have been several security incidents emerging from the DeFi boom during 2020, and DeFiner will use the support of its investors to continue monitoring the health of our savings and lending protocols.”
“The investment from SNZ Holding follows DeFiner’s recent investment announcements with Signum Capital, a leading blockchain venture capital firm based in Singapore, and Alphabit, a fund specializing in distributed ledger technology investments. These investments bring DeFiner another step closer to realizing the potential of true decentralization in the financial space,” the release ends.