December 11, 2024
Perena, a company focused on building infrastructure for stablecoins and decentralized finance (DeFi), has completed a pre-seed funding round led by Borderless Capital. The round also included participation from Binance Labs, Primitive Crypto, Maelstrom Fund, Anagram XYZ, and Breed VC. The company aims to address fragmentation in the stablecoin sector by enhancing integration and improving liquidity efficiency.
Founded by Anna, former Stablecoin Head at Solana Foundation, Perena seeks to develop scalable infrastructure for stablecoin technology, providing 24/7 access to stablecoins and DeFi services for both individuals and institutions. The company has already launched its first product, Numéraire, an automated market maker (AMM) designed to simplify stablecoin creation and swapping while optimizing liquidity across markets. Numéraire aims to reduce risk and fragmentation for stablecoin issuers, facilitating composability within the ecosystem.
Financial details of the pre-seed round were not disclosed. However, the involvement of investors such as Borderless Capital highlights the growing support for Perena's efforts in improving stablecoin infrastructure and integration within decentralized finance.
About Perena
Perena is a blockchain infrastructure platform focused on enhancing the scalability and integration of stablecoins within decentralized finance. The company’s first product, Numéraire, is designed to simplify stablecoin creation and swapping, while optimizing liquidity efficiency across markets, with a focus on reducing fragmentation and issuer risk.
Website: https://perena.org/swap
X: @Perena__
About Investor
Borderless Capital
Borderless Capital is a venture capital firm focused on investments in blockchain technology. The firm supports projects aimed at developing the decentralized economy, particularly in the areas of stablecoins, DeFi, and Web3.
Location: Miami, Florida
Website: https://borderlesscapital.io/
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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