Ondo Finance, a crypto startup that delivers structured solutions constructed on major of decentralized exchanges, has elevated $20 million in Series A funding as it looks to establish a decentralized expenditure financial institution.
Peter Thiel’s legendary VC organization Founders Fund and Pantera Cash co-led the spherical. This is the very first time Founders Fund has led an expenditure in a token-based project, Ondo’s founder and CEO, Nathan Allman, told The Block. Founders Fund has earlier participated in a token spherical for Parallel Finance.
An Ivy League endowment also joined Ondo’s Series A, reported Allman, though declining to name it.