Founders Fund and Pantera Lead $20M Investment in Ondo Finance to Build a Decentralized Investment Bank
This latest round of funding was led by Founders Fund, the venture capital firm founded by Peter Thiel, and Pantera Capital.
- This latest round of funding was led by Founders Fund, the venture capital firm founded by Peter Thiel, and Pantera Capital.
- The funding will allow Ondo to build out its team and support new product launches including its multi-chain expansion.
- Ondo Finance is building a decentralized investment bank focused on connecting stakeholders in the emerging DeFi ecosystem, including decentralized autonomous organizations (DAOs), institutions, and retail investors.
- Decentralized finance (DeFi), however, presents novel infrastructure and financial primitives to enable investment banking activities that are automated, composable, and accessible to everyone.