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Qredo: Raises $11M in Seed Funding

May 6, 2021

Qredo, a London, UK-based decentralized digital asset management infrastructure and product suite, closed an $11m seed funding round
The company intends to use the funds to double its R&D team, bring in talent at the C-suite level, and advance its anticipated version 2 launch
Qredo uses a novel blockchain protocol that enables users to access cryptocurrencies on Layer 1 blockchains, such as Bitcoin, and Ethereum over a Layer 2 network
This innovation allows users to securely participate in new DeFi innovations such as accessing ‘cross-chain’ liquidity pools, trading collateralized derivatives, and executing cross-chain atomic swaps
Since inception in 2018, the company has worked with a variety of established leaders in the crypto industry to develop innovative solutions
In addition to the well financial investors, Qredo has received funding from Celsius, Deribit, Wintermute, GSR, CMS Holdings, Kronos Research and 3commas