Rikkei Finance recently raised over 5.6 million dollars to develop the first open lending ecosystem with NFT collateralization and multi-chain compatibility. The DeFi protocol has joined hands with TomoChain, a scalable blockchain network, to enhance its procedures.
TomoChain, known for using the PoS (proof-of-stake) voting mechanism, will act as Rikkei Finance’s strategic investment partner. Joining hands with TomoChain Lab is a smart move on Rikkei Finance’s part. It will help the platform maintain its aim to improvise and innovate to become the ultimate lending protocol.
Since Rikkei Finance prioritizes attributes like sustainability, user-friendliness, and scalability, TomoChain is the ideal strategic partner for them. The investment will help Rikkei Finance get through its early development stage. Additionally, the DeFi protocol can even establish more collaborations and undertake marketing campaigns with the move.
Rikkei Finance is the embodiment of innovation, which is proved by building the first open lending system with NFT and cross-chain support. The platform boasts every competitive edge needed to prosper in the market. It can help investors and traders improve their portfolios in no time. Its intuitive approach makes it a one-of-a-kind platform for now.
Founded by Vu Thanh Tung and Dang Thai Hoa, Rikkei Finance has garnered esteemed crypto personalities. The platform has John Pangilinan as its main advisor and Luu as an executive. Pangilinan is also affiliated with Signum Capital as a managing partner. Similarly, Luu is working as the Kyber Network’s CEO.
Both companies helped Rikkei Finance secure its initial 5.6 million dollars funding. Moreover, the protocol is backed by names like Dang Bao Duc (Keebeck Alpha’s former Quantitative Researcher.) The latest development has again put Rikkei Finance at the forefront of the upcoming DeFi changes. With TomoChain and several other ventures supporting the protocol, it is on track to great success.
After recently scoring a 5.6 million funding round, Rikkei Finance recently joined a strategic partnership with TomoChain. The collaboration sees TomoChain acting as an investment partner with Rikkei Finance. Rikkei Finance is quickly making a name in the market after trying out new and innovative products. At its current pace, the protocol will outshine most of its competitors in no time.
About TomoChain
TomoChain is a scalable blockchain using the PoS voting mechanism. The network is used by numerous companies worldwide. TomoChain aims to empower the consumers and upcoming projects with the power of blockchain.
Its DeFi-based products render features like minimal fees, 2000 transactions per second, EVM support, 2-second block time, and ~$0 gas charges. It also packs unique protocols and features. As a result, it becomes the one-stop station to fulfill every usability, liquidity, speed, and privacy need.
About Rikkei Finance
Rikkei Finance is a DeFi protocol built to eliminate the core restrictions faced by decentralized finance. In addition, its open lending mechanism comes with features like NFT collateralization, Insurance, and cross-chain functionality.