Solrise raises $ 3.4 M to create decentralized fund management protocol at Solana

Solrise Finance, a protocol for decentralized asset management, announced the completion of an initial round of $ 3.4 million. Leading blockchain venture investors, including Parafi Capital and Alameda, have joined the rise.

Other investors include Jump Capital, Delphi Digital, CMS, mutual enterprises and Skyvision Capital. The funds will be used to support Solrise’s goal of creating a non-warehousing asset management protocol at Solan. 

“The solrise team are outstanding Builders,” says Parafi, General Partner of Santiago R, Santos. “We are excited to make this our first Defi investment in Solana. We are inspired by new opportunities for Defi applications in Solana and see solrise as the primary access point for investors and capital in the ecosystem.”

Vidor Gensel, chief executive of Solrise, said: “We are delighted to be working with the most amazing partners and investors we can imagine. We are fully committed to ensuring solrise’s long-term success and are excited for such strong support.”

Solrise Finance allows anyone to build, manage or invest in a managed portfolio of their own and synthetic assets. It uses the Fast and scalable Solana blockchain selected for security, speed, and ease of use.

The solrise protocol allows fund managers to distribute capital without depositing money to investors. As a result, investors can take advantage of the opportunities offered by Defi while integrating the best elements of tradifi in terms of asset management. A more rational approach to portfolio management and users who are looking for a passively managed strategy developed to meet the needs of beginners who are more interested Solrise platform.

DISCLAIMER: This article is for informational purposes only. It is not recommended or intended for use as legal, tax, investment, financial or other advice.

Join the Discussion

  • BrokerEUR/USD
    Core Spreads 0.6pips (variable) margin: 3.33%
    InterTrader 0.6pips (fixed) margin: 3.33%
  • Back to top