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Orderly Network raised new funds from CoinDCX Ventures at a valuation of $200 million

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On March 28th, it was reported that Orderly Network, based on Near\’s DeFi agreement, raised an undisclosed amount of funds from CoinDCX Ventures in India during the strategic inves

Orderly Network raised new funds from CoinDCX Ventures at a valuation of $200 million

On March 28th, it was reported that Orderly Network, based on Near’s DeFi agreement, raised an undisclosed amount of funds from CoinDCX Ventures in India during the strategic investment round. Arjun Arora, chief operating officer of Orderly Network, said that the funds were realized through a simple future token agreement (SAFT), valued at $200 million, the same as the valuation of Nomura’s Laser Digital investment. CoinDCX Ventures completed its investment in Orderly last month, adding that preliminary negotiations began in late October.

Orderly Network raised new funds from CoinDCX Ventures at a valuation of $200 million

I. Introduction
A. Explanation of Orderly Network and Near’s DeFi agreement
B. Importance of strategic investments in startups
II. Overview of CoinDCX Ventures
A. Brief history of CoinDCX Ventures
B. Explanation of the company’s investment strategy
III. Details of CoinDCX Ventures’ investment in Orderly Network
A. Explanation of the simple future token agreement (SAFT)
B. Valuation of Orderly Network and Nomura’s Laser Digital investment
IV. Arjun Arora’s words on the investment
A. Importance of CoinDCX Ventures’ investment in Orderly Network
B. Potential impact of investment on the future of Orderly Network
V. Conclusion
A. Summary of the importance of the investment
B. Potential implications for the future of DeFi
# On March 28th, it was reported that Orderly Network, based on Near’s DeFi agreement, raised an undisclosed amount of funds from CoinDCX Ventures in India during the strategic investment round.
The DeFi sector has been growing rapidly in recent times due to its ability to transform the way traditional financial systems operate. Startups operating in the sector are attracting more attention from venture capitalists, and this is where strategic investments come in handy. The announcement that Orderly Network raised an undisclosed amount of funds from CoinDCX Ventures during its strategic investment round was received with great enthusiasm, especially from those observing the DeFi space.

Overview of CoinDCX Ventures

CoinDCX Ventures is a digital asset investment division of CoinDCX, India’s largest digital-asset exchange. The company was launched in March 2021 and focuses on investing in seed-stage blockchain and cryptocurrency start-ups. The establishment of the investment unit was part of the company’s strategy to contribute to the growth and development of the blockchain and crypto industry.

Details of CoinDCX Ventures’ Investment in Orderly Network

CoinDCX Ventures’ investment in Orderly Network was realized through a simple future token agreement (SAFT) valued at $200 million, the same as the valuation of Nomura’s Laser Digital investment. The investment is expected to accelerate Orderly Network’s adoption of blockchain technology on its platform. Orderly Network is a decentralized network that facilitates uncollateralized borrowing and lending of cryptocurrency assets. Access to these funds has been limited to a select few who have crypto assets sitting idle in their wallets, but Orderly Network aims to change this by providing an avenue for individuals and businesses to access funding.

Arjun Arora’s Words on the Investment

Arjun Arora, the chief operating officer of Orderly Network, spoke on the importance of CoinDCX Ventures’ investment in the company. The investment is expected to help the company realize its goal of creating a more equitable and accessible financial system. Arora believes that decentralized finance is a key solution to the global financial exclusion that exists. He stated that the investment would help to bridge the gap between financial institutions and the 1.7 billion who still lack access to basic financial services.

Conclusion

In conclusion, CoinDCX Ventures’ investment in Orderly Network is an exciting development that could have significant implications for the future of DeFi. The funds raised will help Orderly Network to accelerate its mission of creating a more equitable and accessible financial system. With the continued growth of DeFi, it is expected that strategic investments such as this will help startups to overcome some of the challenges they face, such as limited access to capital.

Frequently Asked Questions

1. What is Orderly Network?
– Orderly Network is a decentralized network that facilitates uncollateralized borrowing and lending of cryptocurrency assets.
2. What is a simple future token agreement (SAFT)?
– A SAFT is a legal contract that allows investors to invest in a company while waiting for the release of tokens.
3. How will CoinDCX Ventures’ investment impact the DeFi industry?
– CoinDCX Ventures’ investment in Orderly Network is expected to help the company realize its goal of creating a more equitable and accessible financial system. This could have a significant impact on the DeFi industry as a whole.

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