DeFiato completes first round of private capital raising

DeFiato completes first round of private capital raising

By Edlyn Cardoza

DeFiato, a next-generation decentralized finance (DeFi) FinTech platform, has successfully completed the first round of its private token sale. Participating investors include the leading DeFi-focused funds DAO Maker, Mirana Ventures (a venture partner of Bybit and BitDAO), CRC Capital, Double Peak Group, Dweb3 Capital and 7 O’Clock Capital. The great interest and brisk participation reflect the high demand for secure, centralized, tiered platforms with fiat onramp.

Many decentralized platforms have various technical barriers to on-chain farming, staking, and trading, while off-chain activities struggle with liquidity issues, fiat restrictions, and the lack of a centralized multichain to support crypto assets and institutional custodians.

With its proprietary technology, such as one-click-to-farm, combined with easy fiat access and exchangeable security, DeFiato removes technical barriers and financial risks associated with many decentralized platforms today. It offers a similar user experience to centralized services, such as guaranteed security, fast billing, ease of use and support from customer service.

Since its launch in December 2020, DeFiato has welcomed more than 80,000 international users to its platform. “With the success of our first private token sale round, we aim to accelerate business development and drive user growth,” says Dr. William H. Nguyen,CEO and founder of DeFiato.

“DeFiato has set itself the goal of actively developing practical solutions that will pave the way for the entire DeFi industry into the future. The rapid adoption of DeFiato has once again underlined the importance and demand for our platform.” DeFiato allows users to access hundreds of DeFi services through an aggregated, centralized system. Users can also safely and easily deposit, withdraw, exchange, bet and even farm cryptocurrencies with just one click.

The platform currently supports Ethereum (ETH), Binance Smart Chain (BSC), Polygon (MATIC) and Avalanche (AVAX), with Solana (SOL) coming soon. Since DeFiato supports multiple blockchains and products, it has become a leading cross-chain aggregator. By the end of 2021, DeFiato will launch its own utility token and mobile app. This token will be used primarily for paying fees within the platform, and users of the token can expect significant cost savings. The platform will also integrate five more blockchains and release several new features.