Baekdu Technologies Raises $1mln from Mirae Asset Enterprise, Persevering with Its Lead in the DeFi System Trading Alternate

Seoul, South Korea, Nov 8, 2021 – (ACN Newswire) – Baekdu Technologies Inc. has secured $1 million pre-A funding, led by Mirae Asset Enterprise Investment. Baekdu is with out a doubt one of two firms that Mirae Asset has invested by procedure of its proprietary fund this year.

Baekdu Technologies is a blockchain hedge fund that invests in systems easiest display in DeFi. A blockchain hedge fund differs from crypto hedge funds in that crypto hedge funds make investments in digital assets nonetheless use outdated skool investment systems whereas blockchain hedge funds use blockchain technology and develop clean contracts to implement DeFi-particular systems. Techniques embody: poke-chain arbitrage, carry trades, yield farming, LP price·funding price·hobby accumulation, and other tech-centered approaches along with flash loans. It is with out a doubt one of the necessary very few firms pursuing machine trading in the DeFi direct along with ParaFi Capital, main the novel generation of hedge funds.

The corporate focuses on absolute returns, up to now having proven to display certain weekly returns since its inception. Returns had been strongest in the undergo markets. Its fully automatic machine trading program runs 24 hours a day, forever scanning for opportunities in the DeFi direct. Baekdu currently makes use of over 50 dapps.

Since the Covid-19 pandemic, there had been many institutional investors leaping onto the crypto direct. Overbooked with such ask, Baekdu is expanding its client checklist in the US and Japan. Severely, the proportion of institutional clients are on a steep rise.

In an interview, Baekdu CEO Received Suk Lee reaffirmed “we’re specializing in defi-particular systems that outdated skool institutions are unheard of with, giving us a head originate,” emphasizing that “the arrive of investing is changing.”

Mirae Asset Enterprise Investment is a South Korean mission capital undoubtedly expert in incubation, buyout, notify, and poke-border investments. Mirae Asset’s subsidiary Horizon ETF launched the sphere’s first inverse Bitcoin ETF in Canada in 2021. Mirae Asset additionally invested in FalconX this year.

About DeFi

Decentralized Finance (DeFi) is an ecosystem of financial merchandise on a public decentralized blockchain network. Because DeFi is in retaining with an originate ledger it can facilitate look-to-look transactions, not just like the outdated skool arrive the keep middlemen corresponding to banks are concerned. In DeFi, customers can borrow, keep, make investments, and exchange as in the outdated skool machine. The blockchain permits clean contracts that can code in binding agreements between investors and sellers, and borrowers and lenders.

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Baekdu Technologies Inc.

Received Suk (Wayne) Lee

E: [email protected]


SOURCE: Baekdu Technologies Inc.

Topic: Press liberate summary

Source: Baekdu Technologies Inc.

Sectors: Blockchain, Know-how

From the Asia Corporate Recordsdata Community

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