iZUMi Finance Launches $20 Million Upstarts Fund with CIMG Inc.

The on-chain fund targets DeFi liquidity, listed token investments, and tokenized stock trading, backed by Nasdaq-listed CIMG Inc.

CORE

176d ago

Summary

iZUMi Finance has unveiled the Upstarts Fund, an on-chain cryptocurrency investment vehicle designed to provide enterprises with compliant and transparent access to digital assets. Nasdaq-listed CIMG Inc. (IMG) has co-invested $20 million into the fund alongside iZUMi Finance. The fund will focus on three core sectors: DeFi liquidity pools, investments in listed tokens, and tokenized stock trading services.

Terms & Concepts

On-chain Fund: An investment fund that operates directly on a blockchain, allowing for transparent, immutable, and verifiable transactions.
DeFi Liquidity Pools: Smart contract-based pools of digital assets that facilitate decentralized trading, lending, or other DeFi activities.
Tokenized Stock: A blockchain-based digital asset that represents ownership in a traditional stock, enabling trading on crypto platforms.