BlockSwap Network raises £1.8m seed investment to expand decentralised yield offerings
The funding round was backed by investors including NGC, Wave Financial, and Algorand EU accelerator to support product expansion.
BlockSwap Network is a decentralised finance platform designed to bring fixed income products to proof of stake assets. The protocol helps shield users from crypto asset volatility while offering stable yield generation.
BlockSwap Network has secured £1.8m in seed investment to expand its sustainable yield offerings and launch an incentivized CommunityNet. The private placement round drew participation from a range of backers including NGC, Wave Financial, and Algorand EU accelerator.
The capital will support ongoing development aimed at helping existing staking operators and token holders explore stable yield farming opportunities. The platform seeks to make proof of stake benefits accessible to a wider audience while insulating participants from asset volatility and complex staking procedures.
Advisors for the initiative included Republic Crypto and BlockVenture Coalition, as the network prepares for its forthcoming mainnet launch and the distribution of 250 million tokens.
Investor perspective
"The DeFi industry is the last resort of positive yields for all who wants to save needs properly structured products taking into account biggest opportunities but also risks. We are happy to support the BlockSwap team, one of the few teams who understand the deep nuances of tokenized cash flows."
Jakub Gregus
Partner, ZeePrime Capital
Use of funds
- 01Continue product development
Investors
Roger Lim
NGC
Wave Financial
Algorand EU accelerator
Jakub Gregus
ZeePrime Capital
James Wo
DFG
4th Revolution
CDI
Cabin
Categories
About the company
BlockSwap Network
BlockSwap Network provides fixed income and yield products for decentralised finance.