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ALEX - Strategic
Overview
Funding Date
March 14, 2023
Financing amount
$2.5M
Valuation
--
Catagory
About ALEX - Strategic
Bitcoin decentralized exchange Alex has raised $2.5 million in a strategic round from investors including Trust Machines and Gossamer Capital. The funds from the raise will be used to continue building out decentralized finance within the bitcoin ecosystem and expand the user community.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | United States of America | 2022 | 4 | -- | ||
| Fund | United States of America | 2021 | 8 | -- |
Founders & Team
Chiente Hsu
Rachel Yu
Company Profile / Project Introduction
ALEX is building DeFi primitives targeting developers looking to build ecosystem on Bitcoin, enabled by Stacks. As such, it focus on trading, lending and borrowing of crypto assets with Bitcoin as the settlement layer and Stacks as the smart contract layer. At the core of this focus is the automated market making ("AMM") protocol, which allows users to exchange one crypto asset with another trustlessly. The startup is co-founded by two former Wall Street quants, Chiente Hsu and Rachel Yu.