defi
Gauntlet Secures $125M from SBI Holdings in Series C
Gauntlet, a DeFi risk management firm, raised $125 million in a Series C funding round led by SBI Holdings. The funds will be used to expand into stablecoins, tokenization, and traditional capital markets infrastructure.
AS1 NewsSource: thedefiant.io
Gauntlet, a firm specializing in DeFi risk management and vault curation with assets under advisement totaling $1.42 billion, announced it has closed a $125 million Series C funding round. SBI Holdings, a major Japanese financial conglomerate, was the sole investor in this round. The company, founded by CEO Tarun, plans to use the new capital to expand its services into areas such as stablecoins, tokenization, and traditional capital markets infrastructure. This investment highlights growing interest from traditional financial entities in DeFi and blockchain-based financial solutions. The funding is expected to support Gauntlet's ongoing development and potentially influence the broader DeFi ecosystem by enhancing risk management capabilities and infrastructure.
The investment is likely to strengthen Gauntlet's position in DeFi risk management and could facilitate further integration of traditional finance with blockchain technology.