- Royale Finance, a Belize City, Belize-based developer of a solution providing funding for iGaming startups, raised $1.45m in funding
- Backers included Alphabit Fund, AU21 Capital, Fomocraft Ventures, Kyros Ventures, and Vendetta Capital
- The deal will also allow the company to expand its development efforts and merge DeFi with iGaming, a multi-billion dollar market
- DeFi is the short notion for decentralized finance, which also allows crypto entrepreneurs to regenerate traditional financial instruments in a decentralized architecture
- The online gambling market expected to reach $127.3 billion USD by 2027, a compound annual growth rate of 11.5 %.
- The rise of digital assets and secure digital payments are contributing to the sector’s growth
