dForce Foundation completes $ 1.5 million in strategic financing Multicoin Capital leads

The dForce Foundation announced the completion of a strategic financing of $ 1.5 million. This round of financing is led by crypto fund Multicoin Capital, followed by Huobi Capital and China Merchants Bank International (CMBI). This round of financing is mainly used to expand the team size of dForce and to update and develop more underlying blockchain protocols. The dForce Foundation was created by decentralized finance (DeFi) and currency protocol platform dForce. The main business of dForce is to provide the underlying infrastructure for DeFi and open financial applications. It was founded in 2019 by early blockchain investor Yang Mindao.