Cryptocurrency startup Velar completes US$3.5 million in financing, with participation from CMS Holdings and others

Cryptocurrency startup Velar completed a $3.5 million financing round. The round was participated by Bitcoin Startup Lab, CMS Holdings, Black Edge Capital, GBV, Cypher Capital, Trust Machines SPV, Transform Capital, Maple Block, and Samara Asset Group. Velar will build a set of DeFi tools for the Bitcoin DeFi scene. The plan is to launch the first perpetual futures contract trading platform based on the Bitcoin network.

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