Reef Finance received a $ 20 million investment from Alameda Research. The investment was made through the purchase of REEF tokens.
Founded in 2017, Alameda Research is one of the leading research and trading firms in the cryptocurrency industry. The company announced that it has made an investment of $ 20 million in the cross-chain DeFi operating system Reef Finance.
Alameda Research invested $ 20 million in popular DeFi platform REEF Finance. According to the news in CryptoPotato, the company made the investment by purchasing REEF tokens, and by doing this, it has become an important stakeholder in the REEF ecosystem. This could also lead to the formation of strategic cooperation that could open the doors for the protocol to engage with Alameda Research’s other partners in the near future.
Speaking on the subject, REEF Finance CEO Denko Mancheski said:
“As our company expands into the next stage of growth, I am delighted to host Alameda Research in the Reef Finance ecosystem. We are excited about this investment to drive Reef development and progress for future DeFi applications. ”
On the other hand, with the latest investment, Alameda Research has increased its participation in cross-chain liquidity in the industry.
It’s also worth noting that REEF is the first cross-chain DeFi operating system built on Polkadot.