Advanced Blockchain : Has Invested in Element Finance Via its Subsidiary | MarketScreener
Summary
Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) has invested via a subsidiary into Element Finance, an open source protocol for fixed and variable yield markets in decentralized finance (DeFi). The project closed their Series A by successfully raising $32 million at a $320 million valuation, of which Advanced Blockchain AG, through its subsidiary invested a 7 figure amount, positioning Advanced Blockchain AG as one of the largest investors in the round. The Element Protocol maximizes capital efficiency, creates market liquidity, and reduces user costs. DeFi-based fixed rate instruments are still in their nascent stages, yet will ultimately prove to be an integral asset class within the burgeoning DeFi ecosystem. Advanced Blockchain will provide unique value to the Element Finance team by integrating the team into its "Ecosystem-as-a-Service" (EaaS) model, where the organization plans on building products on top of the Element Finance software development kit (SDK).