May 31
Fortunafi, a platform for real-world asset (RWA) tokenization, has secured $9.5 million in funding across two rounds, pushing its valuation to approximately $50 million. This significant investment will fuel the company's expansion in several key areas:
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Fortunafi | $3.16M | May 31, 2024 | Strategic | $9.5M | Shima Capital | RWA |
Expanding RWA Product Offering: Fortunafi is committed to providing users with a wider range of tokenized real-world assets. The growing demand and potential of the RWA sector, estimated to reach $5 trillion to $30 trillion by 2030, is driving this expansion.
Enhancing Utility of Tokenized Assets: Fortunafi aims to improve the usability and accessibility of tokenized assets. The company's recently launched Tokenized Asset Protocol (TAP), the first global cross-chain tokenization protocol, is a significant step in this direction.
Launching Stablecoin Protocol: Fortunafi is poised to launch its new stablecoin protocol, Reservoir, in June 2024. Reservoir will operate as a separate entity and offer users yield-bearing products backed by digital and RWA assets. This aligns with the rapidly growing stablecoin market, projected to reach nearly $3 trillion in the next five years.
This funding milestone positions Fortunafi as a leading player in the RWA and stablecoin sectors, poised to unlock the potential of these areas within the blockchain space.
About Fortunafi
Fortunafi is a leading onchain financial institution spearheading advancements in the Real World Assets (RWA) sector. Through key partnerships and integrations, Fortunafi delivers the tokenization of RWAs onchain to bring DeFi-structured yield products, alternative lending, and all-in-one liquidity solutions to financial institutions, startups, and investors. In contrast to traditional capital markets and securitizations, Fortunafi eliminates rent-seeking capital market participants and verticalizes the entire process from asset creation to the final onchain tokenization.
Website: https://fortunafi.com/
Twitter: @_Fortunafi
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About Investor
Investor: Shima Capital
Description: Shima Capital is an investment fund that focuses on supporting blockchain startups.
Location: Puerto Rico
Website: https://shima.capital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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