Binance Labs, the venture capital and incubation arm of Binance, the world's largest cryptocurrency exchange, has announced that it has invested in THENA. According to the announcement, Binance Labs has invested in Thena, a decentralized exchange (DEX) and liquidity protocol built on BNB Chain.
By prioritizing security, scalability, and user experience, THENA aims to enable widespread DeFi adoption, empowering individual users and fostering a thriving ecosystem based on transparency and collaboration.
According to the statement, the funds raised through Binance's investment will be used strategically to accelerate the development and expansion of the THENA platform, enhance security measures, broaden user acquisition efforts, strengthen partnerships and collaborations within the BNB Chain ecosystem, and drive innovation in DeFi.
“Binance Labs is always looking to invest in projects that unlock meaningful use cases and support ecosystem development,” said Alex Odagiu, Investment Director at Binance Labs. “THENA's approach to liquidity and strong focus on user experience positions them as a key player in the next wave of DeFi growth, and we are excited to support them on their journey to become the 'Super App' platform that will attract a wide audience on-chain.”
Theseus, CEO and Co-founder of THENA said: “Welcoming Binance Labs as a strategic partner marks an important moment in our development journey.” “Known for its expertise in Web3 and investment in leading DeFi protocols, the support from Binance Labs will significantly boost our mission to bring our advanced DEX to a global audience. We look forward to sharing more exciting developments in the coming weeks.”
