Home Startup Rooba Finance raised $1.3 million in seed round

Rooba Finance raised $1.3 million in seed round

rooba finance

Crypto startup Rooba Finance has raised $1.3 million in its seed round led by Inflection Point Ventures. The round also saw participation from LetsVenture, Endurance Capital, KubeVC, and other angel investors. The platform plans to utilise the fresh funds towards platform development, establish a licensed platform overseas, and enable a global GTM.

Rooba helps institutions, Family Offices, HNIs, and Hedge Funds to securely custody of their digital assets through a threshold multi-party computation-based custody network and create trade strategies with a wide range of Defi apps, Layer 1 protocols, and derivatives, all from the convenience of a single dashboard.

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The platform also allows institutions to tokenize physical assets to enable efficient and transparent markets, extending into what would be the first digital commodities and derivatives exchange coming out of India.

At Rooba Finance, we are a team of individuals with experience in the traditional security, banking, enterprise, and cryptographic space, Srinivas L, founder and CEO, of Rooba Finance, said. “The universe is at play, and we aim to build the network to support further adoption of the Web3.0 ecosystem,” he added. The platform is expected to go live on October 22.

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