Singapore’s Sygnum capital to add Definer to its portfolio

By BAR Staff

 DeFiner, the decentralized finance network for crypto savings, loans, and payments, has secured investment from Signum Capital, a leading blockchain venture capital firm based in Singapore, according to a statement.

DeFiner will use the investment to launch its decentralized savings and lending products, develop and expand its services into new markets, and enhance the platform’s security features.

As one of Asia’s leading blockchain-focused investment firms, Signum will offer strategic advice to DeFiner on its platform launch and the company’s future strategic partnerships. Amid the exponential growth in DeFi assets under management this year, Signum was attracted to DeFiner because of its strong focus on security and its broad scope of DeFi services across savings, lending, and payments.

Jason Wu, CEO of DeFiner, said, “We could not be more excited to work with Signum in bringing the next stage of our DeFi lending and savings platforms to life. Our partnership with Signum is a significant milestone in our journey to accelerate the mass market adoption of our products and services.”

This investment round adds to a bumper year for DeFiner, following its entry into the grand finale of the inaugural Techstars HUB71 accelerator programme, giving it exposure to a wide network of investors and advisers. Among Signum’s other portfolio companies are Kyber.NetworkZilliqa, and Ren.

 

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