Neutrl Secures $5M in Seed Funding for DeFi Protocol Development
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Neutrl, a Panama City-based company, has successfully raised $5 million in Seed funding for its DeFi protocol. This protocol aims to create a market-neutral synthetic dollar known as $NUSD, specifically designed for OTC arbitrage strategies.
The funding round was led by STIX and Accomplice, with additional investments from Amber Group, SCB Limited (SIG), Figment Capital, and Nascent. Angel investors such as Guy Young and Steven Shi of Ethena, DCF Capital, Flood (Insilico Trading), Huss, Jez (izebel.eth), and Josh Lim (Arbelos Markets) also participated in the funding.
Neutrl plans to utilize the raised capital to expand its operations and further develop its DeFi protocol.
Under the leadership of CEO Behrin Naidoo, Neutrl offers a DeFi protocol that connects private OTC markets with decentralized finance. The company’s flagship product, $NUSD, is a synthetic dollar that generates yield and is backed by discounted assets and delta-neutral strategies.
FinSMEs
18/04/2025
