Spartan Group Steps Up Investment in DeFi Protocol Pendle Finance
Summary:
Singapore-based Spartan Group has invested in the decentralized finance (DeFi) protocol Pendle Finance through an over-the-counter transaction made by its venture capital division, Spartan Capital. The firm aims to support Pendle in their goal of advancing on-chain yield trading, following a mutual partnership established since the project's launch in 2021. Further details will follow as the story unfolds.
Spartan Group, a Singapore-based firm specializing in digital asset investments, has confirmed its investment in decentralized finance (DeFi) protocol Pendle Finance (PENDLE). Spartan Capital, the blockchain venture element of Spartan Group, has committed to further investment in Pendle Finance through an Over-The-Counter (OTC) transaction, having actively endorsed Pendle since its 2021 debut. A healthy collaborative relationship between Spartan and Pendle since the latter's initiation project was cited by the firm, stating that this fresh investment is expected to bolster the project's continuing objectives. "Spartan Capital acknowledges Pendle's revolutionary capabilities and their influential part in forwarding on-chain yield trading," the firm stated. More details on this developing narrative will be provided as they materialize.
Published At
11/9/2023 12:23:43 PM
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