TrueDAO completes $10 million strategic financing led by Brevan Howard Digital

The DeFi infrastructure project said Zee Prime Capital and Jump Capital also joined the round, with proceeds earmarked for AI protocol research, security work and automated risk monitoring.

Summary

TrueDAO has completed a $10 million strategic financing round led by Brevan Howard Digital, with Zee Prime Capital and Jump Capital also participating. The decentralized finance infrastructure project said the capital will be used for AI protocol research and development, intelligent risk controls, security audits, and AI-based risk monitoring and stress-testing systems designed to optimize smart contracts (self-executing blockchain code) and protocol modules.

Terms & Concepts
  • DeFi: Decentralized finance services on blockchains.
  • smart contracts: Self-executing blockchain code.
  • stress-testing systems: Tools that model performance under strain.