The San Francisco-based DeFi platform on 21 July said it has raised US$25m in Series A driving its valuation to US$400m, following a seed around of US$3.2m in April 2021.

The capital infusion will enable the startup founded in 2021 to continue to offer DeFi trading experience through a request-for-quote (RFQ) model. ‘This model also enables the trading of structured products and other asset classes previously considered impossible to trade on DeFi rails. Hashflow plans to offer structured products on its platform in allowed jurisdictions later this year,’ said the firm led by co-founder and CEO Varun Kumar (pictured) .  The new round included r

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