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NAOS Finance Completes New Funding Round Raising $5.1M 5 hours ago by Oluwapelumi Adejumo · 3 min read Photo: NAOS Finance / Medium NAOS Finance is an interoperable marketplace for loans supported by offline income streams. NAOS Finance has gained traction towards the realization of its goal of fully automating tokenization and increasing access to tangible assets on on-chain liquidity. This became clear after an announcement by the NAOS official website that the institution has raised $5.1M in its latest funding. Through this funding, the DeFi project will be able to “build a real-world asset-based infrastructure for the DeFi ecosystem to innovate on.” Barely a month ago, NAOS Finance announced the completion of its seed funding phase, which saw participation from Mechanism Capital, The Spartan Group, SNZ, Youbi Capital, Incuba Alpha, Sora Ventures among others. ....
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Terraform Labs joined hands with Sentnl, Quantstamp, and Solidified to achieve this feat. This initiative aims to foster the usage of Terra’s suite of stablecoins, including UST and LUNA. Terraform Labs (TFL), the organisation responsible for developing the Terra blockchain, has rolled out a new ecosystem development fund entitled Terraform Capital (TFC). A press release unveiled this news on February 4, noting that the company had transferred £7.3 million to the fund. These funds would allegedly serve as capital to facilitate DeFi project audits and help the project founders gain market access quickly. According to Terraform Labs’ co-founder and CEO, Do Kwon, Terraform Capital’s role is to make strategic investments on behalf of TFL, thus expanding the Terraform ecosystem. He added that the fund would achieve this by channeling resources into promising community projects that add value to the Terra ecosystem. ....
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