7 months ago
42 ARTICLE AD
London, United Kingdom, April 6th, 2024, Chainwire
QuantAMM, the on-chain asset-management infrastructure provider, is thrilled to announce the successful closure of a $1.85 million pre-seed funding round. Investors such as 8VC, Mako, Marshland Capital and 369 Capital join the pre-seed funding round as well as influential TradFi and DeFi angels. This milestone follows QuantAMM's completion of prestigious Longhash and Hypernest accelerator programs while Chainlink has also joined the cap table as part of QuantAMM’s membership of the BUILD program.
At the heart of QuantAMM's new generation of passive managed DeFi products are paradigm shifting AMM execution management advances. These novel breakthroughs reduce slippage and overhead for rebalancing assets, allowing the drastic potential to surpass the efficiency of even CEX-based products. QuantAMM product ranges include a new DeFi category of Blockchain Traded Funds (BTFs), available to native DeFi users in permitted regions, tailored solutions for family office portfolios and institutional asset reference tokens.
The QuantAMM team believes this new execution mechanism has tangible value-add for asset management, unlocking composable on-chain multi-strat solutions running TradFi quantitative strategies at L1-viable gas costs.
Co-founder Matthew Willetts said: “We are excited to partner with all our expert investors to build out a next generation DeFi protocol that is a positive sum for the space. Users deserve interpretable, battle-tested approaches for asset management to be made available on-chain, and with our advances we are delighted to be bringing it to them.”Looking ahead, QuantAMM is gearing up for the launch of its V1 on the Ethereum mainnet and Layer 2 solutions in Q2, with announcements of launch partners anticipated shortly. The journey doesn't stop here; through 2024 and into 2025, QuantAMM will expand its offerings to include cross-chain solutions and a suite of infrastructure tailored for institutional clients.
Stay tuned for updates and be part of the future of decentralized finance with QuantAMM.
For more information and to follow our progress, visit quantamm.fi and our Twitter
https://twitter.com/QuantAMMDeFi
Contact
Sera Deliceli
Cansin Consultancy
[email protected]
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
