Brale Raises $11.1M in Funding
- Brale, a Des Moines, IA-based startup that enables decentralized and centralized finance to work together, raised $11.1M in funding
- The round was led by New Enterprise Associates (NEA), with participation from Matthew Prince (Co-Founder & CEO @ Cloudflare) and Albert Wenger (Managing Partner @ USV)
- In conjunction with the funding, NEA’s Scott Sandell joined the company’s Board of Directors
- The company intends to use the funds to invest in research and development while supporting its regulatory efforts in the United States
- The company enables institutions to create and manage stablecoins on distributed protocols
- Integrated natively with popular retail chains, its platform can create new stablecoins or extend an existing private project to additional blockchains
