Argent, a London-based firm competing to create a DeFi super-app, has secured $40 million in a Series B round of funding.
The investment was spearheaded by Fabric Ventures and Metaplanet, the investment business of Skype co-founder Jaan Tallinn. New strategic supporters Starkware, Jump Crypto, and Animoca Brands joined existing investors Paradigm, Index Ventures, and Creandum.
Additional features for crypto games will be developed to realize that ambition, such as infrastructure for onboarding new players and signing in-game transactions.
Argent users may now hold non-fungible tokens (NFTs) in their wallets via links to markets like as OpenSea.
Mexico is on the way
The money raised will also expand Argent’s services throughout Latin America, starting with Mexico, where Lesuisse sees a lot of interest. According to Lesuisse, some funds will be utilized to hire in-house legal, financial, and treasury management expertise and a new research team focusing on Layer 2 protocols.
Argent, a financial “smart wallet” program created for DeFi, was founded in 2017 and allows users to buy, store, and transmit cryptocurrency. According to the company, more than 500,000 people have downloaded Argent’s app.
The business announced a new version of its crypto wallet in March, based on zkSync, an Ethereum-focused scaling solution, to lower the cost and environmental effect of using DeFi.
Lesuisse highlighted Starkware’s participation in the Series B financing as important since Argent has constructed a wallet called Argent X on competitor Ethereum-scaling solution StarkNet.