DWF Labs raises $10m aimed at web3 startup Radix Tokens
DWF Labs has organized a private investment round that resulted in the acquisition of $10 million for the asset-oriented innovative contract platform Radix Tokens. This investment offers Radix a value of $400 million and will help the platform’s efforts to expand its high throughput DeFi ecosystem.
The investment will additionally support the efforts of investors. The money comes at a crucial moment for Radix, as the company is preparing to launch its Babylon mainnet.
The company’s goal is to assist the global financial system by providing a comprehensive stack for web3 without sacrificing atomic composability.
Andrei Grachev, the managing partner of DWF Labs, expressed his joy in leading the fundraising round for Radix Tokens and supporting their mission of building a high-throughput DeFi ecosystem:
“We see a lot of promise in the more than 50 projects presently being built on Radix. We look forward to witnessing Radix’s ongoing success in the asset-oriented smart contract area.”Andrei Grachev, the managing partner of DWF Labs
DWF Labs is a multi-stage web3 investment organization. The company offers various services, including token listing, market making, and OTC trading solutions.
The company has locations in Singapore, Switzerland, South Korea, the British Virgin Islands, and the United Arab Emirates. It trades almost 2,000 currency pairs daily and has a volume that places it among the top five. Blockchain venture capitalists and angel investors who remain anonymous completed the private round of funding.
As for Radix, more than 50 projects are now being developed on it, including dapps for gaming, lending, borrowing, trading, saving, and lending, as well as NFTs and wallets. In addition, Radix is in the process of administering a grants program right now. The six teams chosen for the program will receive financial support and mentorship.