Cointime

Cointime

Download App
iOS & Android
Home / Point

City Protocol Secures $11 Million in Funding with Participation from Dragonfly and Others

On August 26, according to official news, on-chain structured product infrastructure City Protocol announced the completion of its seed and Pre-A funding rounds, raising a total of $11 million. Investors include Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, and Mirana. City Protocol aims to bring structured products on-chain by providing integrated infrastructure for issuance, operation, and acquisition through a tokenization layer, treasury layer, and issuance operation layer. Its flagship product is the on-chain structured product platform Venzo, which has launched four strategy treasuries with a total value locked (TVL) of $40 million, covering strategies such as quantitative hedging, cross-exchange arbitrage, and private credit that were previously mainly aimed at institutional and professional investors. Venzo will also soon launch thematic treasuries, categorized into character tracking and sector themes, allowing users to buy and adjust a basket of assets directly in their wallets according to publicly defined rules.

Comments

All Comments

Recommended for you

  • BTC Surpasses $79,000

    Market data shows that BTC has surpassed $79,000, currently priced at $79,066.69, with a 24-hour decline of 1.91%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $79,000

    Market data shows that BTC has surpassed $79,000, currently priced at $79,066.69, with a 24-hour decline of 1.91%. The market is highly volatile, so please ensure proper risk management.

  • Jack Ma Increases Stake, Buying Over HKD 600 Million in Alibaba's Hong Kong Stocks

    According to sources speaking to the Science and Technology Innovation Board Daily on the 25th, as Alibaba initiates a placement financing, Alibaba founder Jack Ma has been continuously increasing his stake in Alibaba's Hong Kong stocks, with the total amount exceeding HKD 600 million, expressing strong confidence in Alibaba's AI prospects.

  • Jack Ma Increases Stake, Buys Over HKD 600 Million in Alibaba Shares

    According to sources speaking to the Science and Technology Innovation Board Daily on the 25th, as Alibaba initiates a placement financing, Alibaba founder Jack Ma has been increasing his stake in Alibaba's Hong Kong shares for several consecutive days, with the total amount exceeding HKD 600 million, expressing strong confidence in Alibaba's AI prospects.

  • BTC Falls Below $79,000

    Market data shows that BTC has fallen below $79,000, currently priced at $78,993.01, with a 24-hour increase of 1.85%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $79,000

    Market data shows that BTC has fallen below $79,000, currently priced at $78,993.01, with a 24-hour increase of 1.85%. The market is experiencing significant fluctuations, so please ensure proper risk management.

  • BTC Falls Below $80,000

    Market data shows that BTC has fallen below $80,000, currently priced at $79,983.76, with a 24-hour increase of 3.33%. The market is highly volatile, so please ensure proper risk management.

  • BTC Drops Below $80,000

    Market data shows that BTC has dropped below $80,000, currently priced at $79,983.76, with a 24-hour increase of 3.33%. The market is highly volatile, so please ensure proper risk management.

  • Hyperliquid Policy Center Urges US SEC and CFTC to Adopt Unified Perpetual Contract Framework

    On August 25, the Hyperliquid Policy Center (HPC) submitted comments to the US SEC and CFTC, stating that the two agencies have been striving to find answers regarding the classification of perpetual contracts over the past year. HPC believes that perpetual contracts for stocks, which possess traditional features of futures contracts, can be classified as securities futures. HPC urges the US SEC and CFTC to establish a unified classification system for perpetual contracts, based on the characteristics of each contract and its trading methods, grouping similar products together regardless of whether they reference Bitcoin, crude oil, or individual securities. HPC calls for the US SEC and CFTC to take the following four actions: 1. Confirm that the definition of securities futures includes the established features of futures contracts, allowing cash-settled stock perpetual contracts with these features to be listed as securities futures. 2. Retain the flexibility that trading venues currently have in making product listing decisions. 3. Maintain consistency in classification between the two agencies so that perpetual contracts, regardless of the underlying asset, receive the same threshold classification. 4. Modernize the securities futures framework to revitalize the category and adapt to new product structures.

  • Hyperliquid Policy Center Urges Unified Perpetual Contract Framework from US SEC and CFTC

    On August 25, the Hyperliquid Policy Center (HPC) submitted comments to the US SEC and CFTC, stating that both agencies have been working over the past year to find answers regarding the classification of perpetual contracts. HPC believes that perpetual contracts for stocks, which possess traditional characteristics of futures contracts, can be classified as security futures. HPC urges the US SEC and CFTC to establish a unified classification system for perpetual contracts, based on the characteristics of each contract and its trading methods, grouping similar products together regardless of whether they reference Bitcoin, crude oil, or individual securities. HPC calls for the US SEC and CFTC to take the following four actions: 1. Confirm that the definition of security futures includes the established characteristics of futures contracts, allowing cash-settled stock perpetual contracts with these characteristics to be listed as security futures. 2. Retain the flexibility that trading venues currently have in product listing decisions. 3. Maintain consistency in classification between the two agencies so that perpetual contracts, regardless of the underlying asset, receive the same threshold classification. 4. Modernize the security futures framework to revitalize the category and adapt to new product structures.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company