Polygon Backs $1.5M Institutional DEX D8X Deal, Betting on Rise From CeFi To DeFi
Zug, Switzerland, August 4th, 2023, Chainwire D8X's pre-seed round features Polygon Ventures, Axelar Network, Swissborg Ventures and others D8X , an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and other notable investors. The capital will help D8X launch a decentralized derivatives trading platform in the second half of 2023 that provides a white-labeling solution to trading partners seeking access to powerful derivatives products. The pre-seed round for D8X includes additional participation from Axelar Network, Swissborg Ventures, Cogitent Ventures, Veris Ventures, G1 Ventures, Pragma Ventures, CryptoDiscover and others. “DeFi is reshaping the future of finance. Projects like D8X are building the infrastructure that will help legacy finance to leap into web3,” said Polygon Co-Founder Sandeep Nailwal. Bridging CeFi to DeFi D8X's founders bet on...