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BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche

NEWARK, N.J., April 14, 2021 (GLOBE NEWSWIRE) -- BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and The Spartan Group. Other backers were Morningstar Ventures, Vendetta Capital, TRGC, Genesis Block, Woodstock and Rarestone alongside Ava Labs and leading liquidity provider Skynet Trading.
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Arrington Capital and Ascensive Assets Co-lead $3M Seed Funding to Build Cross-Chain Asset Exchange Polkaswitch

Polkaswitch has closed a financing round, securing $3M led by Arrington Capital and Ascensive Assets, with additional participation from venture capital firms including Signum Capital, LD Capital, Bitscale Capital, DFG, Gestalt Capital, Waterdrip Capital and Vendetta Capital.
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BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche

NEWARK, N.J., April 14, 2021 (GLOBE NEWSWIRE) -- BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and The Spartan Group. Other backers were Morningstar Ventures, Vendetta Capital, TRGC, Genesis Block, Woodstock and Rarestone alongside Ava Labs and leading liquidity provider Skynet Trading.
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Arrington Capital and Ascensive Assets Co-lead $3M Seed Funding to Build Cross-Chain Asset Exchange Polkaswitch

Polkaswitch has closed a financing round, securing $3M led by Arrington Capital and Ascensive Assets, with additional participation from venture capital firms including Signum Capital, LD Capital, Bitscale Capital, DFG, Gestalt Capital, Waterdrip Capital and Vendetta Capital.
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