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Tranched, a Block chain embedded asset financing platform, has completed a $3.4 million financing round with Speedinvest as the lead investor.
Golden Finance reported that Tranched, a London-based blockchain-embedded asset financing platform, has announced the completion of a $3.4 million financing round, with Speedinvest leading the investment and participation from Andressen Horowitz’s encryption startup accelerator (CSX), Blockwall, Kima, and OVNI Capital. The specific valuation information has not been disclosed yet. Tranched aims to simplify the asset financing process through blockchain technology, eliminating the structural complexity and high costs involved in securitization. The new funds will support its business expansion from Europe to lenders, credit funds, asset management companies, and banks.