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In a $3 million pre-seed round headed by Headline Ventures, Checkout.com founder Guillaume Pousaz has backed the German DeFi platform Alloy.
Pousaz had invested through his family firm Zinal Growth, along with Sorare founder Nicolas Julia and Seedcamp, according to a statement made this morning by Alloy.
Alloy wants to establish a decentralized finance (DeFi) network for institutional investors, who, according to CEO Paul Faecks, are still unwilling to join the DeFi ecosystem despite their interest.
According to him, Alloy is one of the first firms in the EU to offer regulated DeFi techniques.
Alloy is allowed to do so because it is governed through a partnership with a custodian, according to Faecks. He also claims that the corporation is considering getting directly governed by BaFin, the German regulatory organization. A large portion of the $3 million will be spent on obtaining such approval and developing the platform’s technical backbone.
The platform, which will debut on the Ethereum network in late 2022, is aimed at serving funds and family offices, particularly those belonging to IT entrepreneurs who are already familiar with cryptocurrency.
According to Faecks, the platform has five confirmed funds for launch, all situated in the EU and the US.
