BitFi Kicks off Seed Round with Fundamental Labs, IBC Group as Anchor Investors

BitFi,
a
pioneering
CeDeFi
platform
announces
the
launching
of
a
seed
round
fundraising
with
a
$50
million
valuation.
 The
confirmed
investors
include
Fundamental
Labs,
IBC
Group
Ventures,CGV
FoF,
TyreGate
Capital
Group,
and
Citizen
Journalism
Network
Accelerator
(CJNA).
The
platform
was
founded
by
Liu
Han,
former
co-founder
and
CTO
of
Ascendex
Exchange.
After
its
early
access
launch
on
June
25th,
the
platform
reached
a
peak Total
Value
Locked (TVL)
of
US$400
million
in
just
one
month.

BitFi
combines
the
best
parts
of
centralized
and
decentralized
financial
solutions
to
maximize
the
yields
of
multiple
assets,
like
BTC,
for
its
users.
By
leveraging
multi-chain
adaptability
and
sophisticated
off-chain
trading
strategies,
BitFi
offers
secured
staking
yield
and
multiple
layers
yield
generation.
Led
by
a
team
with
a
proven
Wall
Street
background
and
deep
expertise
in
quantitative
trading,
BitFi
provides
consistent,
low-risk
returns
through
neutral
quantitative
strategies,
passive
yields
on
multi-chains,
and
BitFi
platform-specific
rewards.
This
comprehensive
approach
positions
BitFi
as
the
premier
selection
for
BTC
holders
seeking
optimized
returns
and
secured
asset
management
solutions.

“This
investment
is
based
on
BitFi’s
transformative
potential
in
the
CeDeFi
field,”
said
Eric
Yang,
Managing
Partner
of
Fundamental
Labs. “We
believe
BitFi
will
be
a
game-changer
in
the
Bitcoin
CeDeFi
ecosystem.
With
a
seasoned
and
experienced
team
at
the
helm,
BitFi
is
poised
to
address
the
evolving
needs
of
BTC
holders,
offering
them
a
superior
experience
and
maximized
returns.”

“BitFi’s
vision
aligns
seamlessly
with
our
commitment
to
fostering
advancements
in
blockchain
technology.
We
are
confident
that
our
investment,
industry-leading
marketing
capability,
and
top-tier
KOL
resources
will
propel
BitFi
to
new
heights
in
CeDeFi”
expressed
Mario
Nawfal,
Founder
of
IBC
Group.

BitFi
invites
investors,
blockchain
enthusiasts,
and
strategic
partners
to
join
them
in
shaping
the
future
of
CeDeFi.
For
more
information
about
BitFi
and
the
latest
updates,
please
follow
BitFi
on X.

About
BitFi:

Bitfi
is
a
leading
CeDeFi
platform
that
combines
secure
staking
mechanisms
with
innovative
synthetic
assets
to
create
a
robust
and
dynamic
ecosystem.
By
leveraging
cutting-edge
blockchain
technology
and
comprehensive
quantitative
strategies,
Bitfi
is
committed
to
optimizing
user
returns
safely
and
efficiently
across
multiple
blockchains.

About
Fundamental
Labs:

Fundamental
Labs
is
a
leading
blockchain
and
cryptocurrency
investment
firm
dedicated
to
supporting
and
investing
in
innovative
projects
shaping
the
future
of
decentralized
finance.
With
a
track
record
of
successful
investments
(such
as
Coinbase,
Binance,
Polkdot,
etc),
Fundamental
Labs
is
committed
to
driving
the
growth
and
adoption
of
blockchain
technology.

About
IBC
Group:

IBC
Group
has
been
a
pioneer
of
cutting-edge
growth
hacking
principles
in
the
crypto
space
for
the
last
5
years.
Since
then
IBC
Group
has
successfully
navigated
its
way
through
multiple
bull
and
bear
cycles,
built
up
a
wealth
of
experience
and
top-tier
KOL
resources,
and
is
now
one
of
the
leading
VC/Accelerator/Incubators
in
the
space.

About
CGV:

CGV
(Cryptogram
Venture)
is
a
crypto
investment
firm
headquartered
in
Tokyo,
Japan.
CGV
and
it’s
predecessors
invested
more
than
200
crypto
projects
since
2017.
CGV’s
investment
mainly
focused
on
Infrastructure,
AI,
DePIN
as
well
as
Bitcoin
ecosystem.
It
also
incubated
a
licensed
Japanese
yen
stablecoin
JPYW.
Currently
CGV
has
branches
in
Hong
Kong,
Singapore
and
Toronto.

About
TyreGate
Capital
Group:

TyreGate
Capital
Holdings,
LTD,
was
founded
in
February
2017.
TyreGate
is
a
wholly
owned
Principal
Holding
Company
that
combines
a
Family
Office
with
a
Private
Equity
and
Activist
Public
Equity
Asset
Management
Corporation
that
may
be
appointed
to
act
under
specific
private
mandates
from
investors
(individuals
or
pooled
investment
vehicles)
in
private
placements
and
other
advisory
services.

The
TyreGate
group,
founded
by
a
team
of
investment
professionals,
advocates
and
support
staff,
is
led
by
both
a
Management
Board
and
Investment
Committee,
and
advised
by
an
Advisory
Board.
Currently,
TyreGate
investments
span
across
all
sectors,
in
a
mix
of
publicly
listed
and
private
securities,
diversified
Private
Equity
Funds,
as
well
as
currencies
and
commodities.

About
CJNA:

The
first
community-led
Accelerator,
built
by
the
largest
media
company
on
X
and
the
fastest
growing
globally
in
2024.
Led
by
a
top
team
with
extensive
investing
and
operating
experience
composed
of
some
of
the
most
influential
figures
in
citizen
journalism
and
blockchain.