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BlonkFi - Pre-Seed
Overview
Funding Date
July 29, 2024
Financing amount
--
Valuation
--
Category
Subcategory
About BlonkFi - Pre-Seed
BlonkFi announced the successful completion of pre-Seed financing led by UOB Venture Management and Signum Capital. Investors in this round include Manifold Trading, Kyros Ventures, Hypotenuse Labs and other strategic partners. BlonkFi is a core liquidity infrastructure protocol aiming to address the pressing issue of illiquidity for volatile long-tail mid-market capitalization assets such as memecoins, by enabling such assets to be collaterised for liquidity.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Singapore | -- | 40 | -- | ||
| Fund | Singapore | 2017 | 105 | [email protected] | ||
| Fund | -- | -- | 11 | -- | ||
| Fund | Vietnam | -- | 58 | [email protected] | ||
| Lab | Canada | 2018 | 3 | [email protected] |
Company Profile / Project Introduction
BlonkFi is a money market protocol on the Solana blockchain that allows anyone to collateralize volatile mid market capitalizations such as memecoins to borrow stablecoins. The goal is to build a money-making economy around memecoins, a new and untapped $46B+ market category, in a manner that fundamentally solves the pain points outlined above. By allowing users to safely utilize volatile assets as collateral, BlonkFi serves as a Core Liquidity Infrastructure Layer that unlocks additional composability for high-attention, high-volatility assets.