CakeDeFi

Cake DeFi, a Fintech Platform, has launched a $100 Million Venture Capital Arm

Chris Grand |
facebook twitter

The Singapore-headquartered firm will invest in NFTs, Web 3, and fintech projects. According to a recent press release sent to CoinDesk, CakeDeFi, a crypto fintech platform based in and regulated in Singapore with over $1 billion in managed customer assets, has spent $100 million of its own money to launch the new CakeDeFi Ventures (CDV) investment arm.

CakeDeFi describes itself as a “one-stop” decentralized finance platform that allows users to buy, lend, and stake cryptocurrency, among other services that customers may require.

According to a statement from the firm, CDV will focus on investing in tech startup firms such as Web 3, the metaverse, non-fungible tokens, gaming esports, and in areas of fintech, where Cakes’s primary business lacks exposure.

Co-founders of the firm, CakeDeFi CEO Julian Hosp and Chief Technical Officer U-Zyn Chua, will lead and administer CDV operations.

“We’re a [business to consumer] platform that’s centered around providing easy cash flow for our customers,” said Hosp in an interview with CoinDesk. “So the thesis for the fund is mainly to look for projects and companies where we can have a symbiosis,” further added Hosp.

“As an extension of our multiple blockchains supports and having built up an R&D arm with cryptography, deep tech capability, and specialization, investing in companies that bring synergies to Cake DeFi’s core business will allow us to enhance our Web 3 offerings,” said U-Zyn Chua in the press release.

The fund is set to provide investment businesses with money, expertise, and several industry connections. Still, Hosp said the fund would take a hands-off approach regarding operational responsibilities and board seats.

profile - chris
profile - chris

Chris GrandGaming Expert

Hi everyone, I’m a huge slots fan. I’ve been spinning for over a decade and have plenty of experience when it comes to slot machines. My other passion is writing, and I combine the two to give you clean and transparent guides and reviews that I hope you find helpful.

Best Crypto Casinos Apr,2025

WeissBet Casino

Weissbet Crypto Casino Review

7000 USDT Bonus + 260 Free Spins

Visit site

18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply