Cake DeFi launches corporate venture arm with $100M

Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralised finance) services and applications accessible to everyone, has launched its corporate venture arm with $100 million in earmarked capital, Invezz learned from a press release.

Focus on start-ups across metaverse, Web3, and more

The arm will focus on investing in tech start-ups across the metaverse, Web3, gaming, the NFT space, esports and fintech spaces. These areas will bring synergistic value to Cake’s core business. CDV will look for global investment opportunities in start-ups worldwide.

Notable and impressive leadership

CDV is led by the cofounders of Cake DeFi, Dr Julian Hosp and U-Zyn Chua, CEO and CTO respectively. Dr Hosp is a leading crypto influencer and seasoned blockchain entrepreneur with over one million followers globally. His vision is to bring blockchain awareness and understanding to a billion people by 2025.

U-Zyn, a blockchain engineer, enthusiast and investor for over a decade is highly passionate in decentralized systems design and development. They created Cake DeFi with the vision of building the world’s leading investment platform into DeFi and up-and-coming alternative assets from Singapore.

Access to Cake products and other valuable resources

CDV’s portfolio companies will get strong support from Cake DeFi. They will be able to access a wide variety of Cake products, users, connections, expertise, and other resources from the global blockchain industry.

Julian Hosp commented:

U-Zyn Chua added:

Cake DeFi is a fully transparent, highly innovative and regulated global fintech platform with over $1 billion managed in customer assets. It empowers its user base, spanning over half a million registered users - and fast growing - to earn cash flow from their digital asset investments.