The 1inch Network has successfully closed a $175 million Series B funding round, led by Amber Group and joined by nearly 50 institutional investors. This landmark investment will drive the expansion of decentralized finance (DeFi) accessibility for traditional financial institutions, protocol development, and ecosystem growth.
Key Highlights of the Funding Round
- Lead Investor: Amber Group spearheaded the round, with participation from Jane Street, VanEck, Fenbushi Capital, Alameda Research, and others.
Funding Utilization:
- Regulatory compliance for institutional onboarding (1inch Pro).
- Development of new protocols.
- Enhanced utility for the 1INCH token.
- Team expansion (projected to double in size).
Strengthening Decentralization and Governance
The influx of new investors will further decentralize the 1inch DAO, ensuring a more democratic governance structure where every participant’s vote carries weight.
Strategic Vision for Institutional DeFi Adoption
Sergej Kunz, 1inch Network co-founder, emphasized:
"The next $1 trillion in DeFi assets will come from institutions. 1inch aims to be their gateway, building bridges between traditional finance and decentralized liquidity."
Amber Group’s Tiantian Kullander added:
"1inch’s innovation in liquidity aggregation and cross-chain solutions positions them as a cornerstone of DeFi’s future."
Growth Trajectory and Past Milestones
- 2020: Raised $12 million (Pantera Capital) and $2.8 million (Binance Labs).
- 2023: Series B oversubscribed, reflecting strong investor confidence in 1inch’s roadmap.
👉 Explore how 1inch is reshaping DeFi liquidity
FAQ Section
What will the $175 million funding be used for?
The funds will focus on:
- Regulatory-compliant solutions for institutions.
- New protocol development.
- Expanding the 1INCH token’s utility.
- Growing the team and ecosystem.
How does this round impact 1inch DAO?
New investors enhance decentralization, making governance more inclusive and community-driven.
Why is institutional adoption key for 1inch?
Institutions represent the next wave of DeFi growth, requiring robust infrastructure and compliance—1inch Pro addresses these needs.
👉 Discover institutional DeFi solutions with 1inch
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