New $75M DeFi Fund Signals Big Investment in Blockchain

Decentral Park Capital, an early-stage investment firm, now with $140 million in assets under management, has launched a brand new $75 million fund to invest in DeFi initiatives. This fund aims to deploy funds to invest in decentralized exchanges, lending protocols, derivatives, structured products, oracles, staking, and middleware infrastructure. The money pouring into decentralized finance and blockchain tools is huge, with hundreds of millions being committed by sophisticated “big money” investors. John Quinn, the firm’s founder, said that returning investors for the fund were mostly family offices, which are private wealth management vehicles for high net worth individuals and families. No longer a side investment, decentralized finance is an important part of high-net-worth investors’ portfolios. Companies such as Marathon Digital Holdings (NASDAQ:MARA), Galaxy Digital (TSX:GLXY) (OTC:BRPHF), Mobilum Technologies (CSE:MBLM) (OTC:MBLMF), Virtu Financial (NASDAQ:VIRT), and Wellfield Technologies (TSXV:WFLD) are opening the world of decentralized finance to the masses, and investors continue to pour money into the space. 

Newly listed DeFi R&D company Wellfield Technologies (TSXV:WFLD), has partnered with Exaud, LDA to establish a development hub in Portugal, which will support its Seamless branded Bitcoin and Ethereum blockchain technology. Levy Cohen, CEO of Wellfield, believes that expanding the company’s developer resources will provide the depth required to expand the ecosystem around Seamless as well as launch ancillary services on top of its infrastructure.

Last month, Wellfield also announced that its other subsidiary, MoneyClip Inc., has launched an intensive engagement program geared toward growing its user base and signing retail partners as it prepares to introduce additional functionality through 2022.

MoneyClip app can be downloaded for iOS and Android in Canada. As of now, it offers P2P payment functionality, but Wellfield plans to add enhanced financial products and functionality to make MoneyClip a primary financial interface in the near future.

In the days that followed, Wellfield Technologies announced that Amir Shpilka, an internationally recognized professor and researcher, had been added to the advisory board. This follows the appointments of Global Payments and Fintech Leader William Keliehor and Global Financial Leader Professor Tamir Agmon.

“Our success in developing novel and high-value blockchain technologies is largely due to the Company’s access to a breadth and depth of academic expertise that few Fintech organizations are able to access. Since 2018, Amir has played an active role in the planning and architecture of all our services, including the cross-blockchain trading protocol, our product designed to make Bitcoin compatible with DeFi, as well as other purpose-built IPs. We are honoured to have Amir join the Company’s advisory board, look forward to continuing to leverage his expertise and appreciate his continued contributions to our research efforts,” Levy Cohen, CEO of Wellfield, said.

After focusing on developing solutions for both Seamless and MoneyClip in 2021, Wellfield is concentrating on introducing solutions that make bitcoin compatible with DeFi, enable decentralized cross-blockchain trading, allow existing DeFi liquidity providers to scale, and empower non-participating institutions to put capital to work within familiar risk frameworks.

For more information on Wellfield Technologies (TSXV:WFLD), please visit this link.

DeFi Companies Break Into 2022 With Remarkable Progress

Mobilum Technologies Inc. (CSE:MBLM) (OTC:MBLMF), a technology-driven company that makes traditional finance accessible through digital payment infrastructure and digital asset management technologies, officially welcomed fintech veterans Kasha Piquette and Robert Niziol to its Board of Directors on January 4. This progress follows the agreement Mobilum signed last year with Wyre, a leading fiat-to-crypto and payment infrastructure company that supports customers in over 100 countries worldwide. Mobilum also recently upgraded its on-ramp payment processing platform by integrating over 200 acquirers and a banking rails ecosystem for better fraud detection and increased transaction approval rates. The upgrade will give Mobilum global access to banks and merchant accounts and reduce implementation times. 

Marathon Digital Holdings, Inc. (NASDAQ:MARA), one of the largest enterprise Bitcoin mining companies in North America, today published Bitcoin production and miner installation updates for December 2021. Among the highlights is a year-over-year production surge of 846% to 3,197 BTC in 2021, increasing total holdings to nearly 8,133 BTC with a fair market value of approximately $375.8 million. 

Galaxy Digital (TSX:GLXY) (OTC:BRPHF) just announced that its affiliate, Galaxy Digital Asset Management (GDAM) reported preliminary assets under management (AUM) of $2.87 billion for the month of December 2021. GDAM is a diversified asset management firm dedicated to the digital assets and blockchain technology space. The company manages capital on behalf of external clients through two business lines: Galaxy Fund Management and Galaxy Interactive. 

A leading provider of financial services, Virtu Financial (NASDAQ:VIRT), has agreed to contribute market data across equities, FX, futures, and cryptocurrencies to Pyth Network, a decentralized data distribution network marking a significant milestone in DeFi’s journey.

As the year 2022 unfolds, companies like Wellfield Technologies (TSXV:WFLD) could achieve remarkable success as the industry grows and funds are poured into DeFi initiatives by institutional investors.

Please See Disclaimer

Featured Image: DepositPhotos @ sinenkiy

Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2) The Article was issued on behalf of and sponsored by, Wellfield Technologies Inc. Market Jar Media Inc. has or expects to receive from Wellfield Technologies Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) two hundred fifty thousand USD for 23 days (17 business days).

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on CryptoCurrencyNews.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on CryptoCurrencyNews.com.

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.

6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Wellfield Technologies Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Wellfield Technologies Inc.’s industry; (b) market opportunity; (c) Wellfield Technologies Inc.’s business plans and strategies; (d) services that Wellfield Technologies Inc. intends to offer; (e) Wellfield Technologies Inc.’s milestone projections and targets; (f) Wellfield Technologies Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Wellfield Technologies Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Wellfield Technologies Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Wellfield Technologies Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Wellfield Technologies Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Wellfield Technologies Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Wellfield Technologies Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Wellfield Technologies Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Wellfield Technologies Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Wellfield Technologies Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Wellfield Technologies Inc.’s business operations (e) Wellfield Technologies Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Wellfield Technologies Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Wellfield Technologies Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Wellfield Technologies Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Wellfield Technologies Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Wellfield Technologies Inc. or such entities and are not necessarily indicative of future performance of Wellfield Technologies Inc. or such entities.