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New $75M DeFi Fund Signals Big Investment in Blockchain

FN Media Group Presents Microsmallcap.com Market Commentary

 

New York, NY – January 19, 2022 – Decentral Park Capital, an early-stage investment firm, now with $140 million in assets under management, has launched a brand new $75 million fund to invest in DeFi initiatives. This fund aims to deploy funds to invest in decentralized exchanges, lending protocols, derivatives, structured products, oracles, staking, and middleware infrastructure. The money pouring into decentralized finance and blockchain tools is huge, with hundreds of millions being committed by sophisticated “big money” investors. John Quinn, the firm’s founder, said that returning investors for the fund were mostly family offices, which are private wealth management vehicles for high net worth individuals and families. No longer a side investment, decentralized finance is an important part of high-net-worth investors’ portfolios. Companies such as Marathon Digital Holdings (NASDAQ:MARA), Galaxy Digital (TSX:GLXY) (OTCPK:BRPHF), Mobilum Technologies (CSE:MBLM) (OTCPK:MBLMF), Virtu Financial (NASDAQ:VIRT), and Wellfield Technologies (TSXV:WFLD) are opening the world of decentralized finance to the masses, and investors continue to pour money into the space.

 

Newly listed DeFi R&D company Wellfield Technologies (TSXV:WFLD), has partnered with Exaud, LDA to establish a development hub in Portugal, which will support its Seamless branded Bitcoin and Ethereum blockchain technology. Levy Cohen, CEO of Wellfield, believes that expanding the company’s developer resources will provide the depth required to expand the ecosystem around Seamless as well as launch ancillary services on top of its infrastructure.

 

Last month, Wellfield also announced that its other subsidiary, MoneyClip Inc., has launched an intensive engagement program geared toward growing its user base and signing retail partners as it prepares to introduce additional functionality through 2022.

 

MoneyClip app can be downloaded for iOS and Android in Canada. As of now, it offers P2P payment functionality, but Wellfield plans to add enhanced financial products and functionality to make MoneyClip a primary financial interface in the near future.

 

In the days that followed, Wellfield Technologies announced that Amir Shpilka, an internationally recognized professor and researcher, had been added to the advisory board. This follows the appointments of Global Payments and Fintech Leader William Keliehor and Global Financial Leader Professor Tamir Agmon.

 

“Our success in developing novel and high-value blockchain technologies is largely due to the Company’s access to a breadth and depth of academic expertise that few Fintech organizations are able to access. Since 2018, Amir has played an active role in the planning and architecture of all our services, including the cross-blockchain trading protocol, our product designed to make Bitcoin compatible with DeFi, as well as other purpose-built IPs. We are honoured to have Amir join the Company’s advisory board, look forward to continuing to leverage his expertise and appreciate his continued contributions to our research efforts,” Levy Cohen, CEO of Wellfield, said.

 

After focusing on developing solutions for both Seamless and MoneyClip in 2021, Wellfield is concentrating on introducing solutions that make bitcoin compatible with DeFi, enable decentralized cross-blockchain trading, allow existing DeFi liquidity providers to scale, and empower non-participating institutions to put capital to work within familiar risk frameworks.

 

For more information on Wellfield Technologies (TSXV:WFLD), please visit this link.

 

DeFi Companies Break Into 2022 With Remarkable Progress

 

Mobilum Technologies Inc. (CSE:MBLM) (OTC:MBLMF), a technology-driven company that makes traditional finance accessible through digital payment infrastructure and digital asset management technologies, officially welcomed fintech veterans Kasha Piquette and Robert Niziol to its Board of Directors on January 4. This progress follows the agreement Mobilum signed last year with Wyre, a leading fiat-to-crypto and payment infrastructure company that supports customers in over 100 countries worldwide. Mobilum also recently upgraded its on-ramp payment processing platform by integrating over 200 acquirers and a banking rails ecosystem for better fraud detection and increased transaction approval rates. The upgrade will give Mobilum global access to banks and merchant accounts and reduce implementation times.

 

Marathon Digital Holdings, Inc. (NASDAQ:MARA), one of the largest enterprise Bitcoin mining companies in North America, today published Bitcoin production and miner installation updates for December 2021. Among the highlights is a year-over-year production surge of 846% to 3,197 BTC in 2021, increasing total holdings to nearly 8,133 BTC with a fair market value of approximately $375.8 million.

 

Galaxy Digital (TSX:GLXY) (OTC:BRPHF) just announced that its affiliate, Galaxy Digital Asset Management (GDAM) reported preliminary assets under management (AUM) of $2.87 billion for the month of December 2021. GDAM is a diversified asset management firm dedicated to the digital assets and blockchain technology space. The company manages capital on behalf of external clients through two business lines: Galaxy Fund Management and Galaxy Interactive.

 

A leading provider of financial services, Virtu Financial (NASDAQ:VIRT), has agreed to contribute market data across equities, FX, futures, and cryptocurrencies to Pyth Network, a decentralized data distribution network marking a significant milestone in DeFi’s journey.

 

As the year 2022 unfolds, companies like Wellfield Technologies (TSXV:WFLD) could achieve remarkable success as the industry grows and funds are poured into DeFi initiatives by institutional investors.

 

DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

 

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Wellfield Technologies

 

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This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

 

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Source: Microsmallcap.com

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