Recently, CGV officially announced its participation in the seed round of financing for the innovative CeDeFi platform BitFi. BitFi completed this round of financing with a valuation of US$50 million. Other confirmed investors include Fundamental Labs, IBC Group Ventures, TyreGate Capital Group and Citizen Journalism Network Accelerator (CJNA).
BitFi was founded by Liu Han, former co-founder and CTO of Ascendex exchange. After launching in early access on June 25, the platform reached a peak TVL of $400 million in just one month.
BitFi combines the advantages of centralized and decentralized financial solutions, providing users with secure staking returns and multi-level yield generation by leveraging multi-chain adaptability and complex off-chain trading strategies, maximizing returns on multiple assets such as BTC. Led by a team with a Wall Street background and deep expertise in quantitative trading, BitFi provides consistent, low-risk returns through neutral quantitative strategies, passive income on multiple chains, and BitFi platform-specific rewards. This comprehensive solution makes BitFi the first choice for BTC holders seeking optimized returns and secure asset management solutions.
CGV believes that CeDeFi represents the deep integration of centralized and decentralized finance, and is expected to become a key force in promoting traditional financial institutions to join the crypto ecosystem. As a pioneer in the CeDeFi track, BitFi provides BTC holders with a one-stop asset management solution through a secure staking mechanism and innovative synthetic assets. While ensuring asset security, BitFi has greatly improved asset returns through an innovative strategy that combines on-chain and off-chain, showing broad development prospects.
This investment in BitFi represents CGV's continued investment in CeDeFi and crypto asset management. In the future, CGV will give full play to its industrial resource advantages, help BitFi grow in investment, incubation, business development and other aspects, and jointly promote the prosperity and development of the CeDeFi ecosystem.
About Cryptogram Venture (CGV):
CGV (Cryptogram Venture) is a crypto investment institution headquartered in Tokyo, Japan. Since 2017, its fund and predecessor funds have participated in more than 200 projects, including investment in the licensed Japanese yen stablecoin JPYW. At the same time, CGV is a limited partner of several world-renowned crypto funds.
Since 2022, CGV has successfully held two Japan Web3 Hackathons (TWSH), with joint support from institutions and experts such as the Ministry of Education, Culture, Sports, Science and Technology of Japan, Keio University, and NTT Docomo. Currently, CGV has branches in Hong Kong, Singapore, New York, Toronto and other places.
In addition, CGV is one of the founding members of the Bitcoin Tokyo Club located in Tokyo, Japan.
