APAC DAO proudly supports BitFi to Kick Off Seed Round with Fundamental Labs

📍 July 25, 2024 — Victoria, Seychelles

📢 Source: BitFi

APAC DAO is proud to support BitFi, one of our active ecosystem partners, as they enter a new phase of growth. BitFi has officially announced the commencement of its seed round fundraising at a $50 million valuation. This milestone is backed by prominent investors including Fundamental Labs, IBC Group Ventures, CGV FoF, TyreGate Capital Group, and the Citizen Journalism Network Accelerator (CJNA).

Founded by Liu Han, former co-founder and CTO of Ascendex Exchange, BitFi represents a next-generation CeDeFi (Centralized-Decentralized Finance) platform. Since its early access launch on June 25, 2024, BitFi has demonstrated rapid growth—reaching a peak Total Value Locked (TVL) of US$400 million within just one month.

What Makes BitFi Unique?

 

BitFi blends centralized security with decentralized flexibility to help users maximize returns on assets like BTC. By combining multi-chain adaptability with advanced off-chain trading strategies, BitFi delivers consistent yields through neutral quantitative methods, secure staking, and platform-specific incentives.

The BitFi team is composed of seasoned professionals from Wall Street and top-tier quantitative firms, bringing a disciplined and risk-managed approach to DeFi investing. The result is a platform designed for BTC holders seeking capital-efficient and secure asset management tools.

“This investment is based on BitFi’s transformative potential in the CeDeFi field,” said Eric Yang, Managing Partner at Fundamental Labs.

“We believe BitFi will be a game-changer in the Bitcoin CeDeFi ecosystem.”

“BitFi’s vision aligns seamlessly with our commitment to fostering advancements in blockchain technology,” added Mario Nawfal, Founder of IBC Group.

“Our investment and marketing capabilities are poised to support BitFi’s rise in CeDeFi.”

About BitFi

 

BitFi is building a secure and adaptive CeDeFi platform that integrates synthetic asset solutions, multi-chain staking, and low-risk passive yield generation. The platform aims to make Bitcoin-based DeFi accessible, secure, and efficient for global users.

Supporting Partners

 

BitFi’s fundraising round is supported by:

• Fundamental Labs – Early investors in Coinbase, Binance, and Polkadot.

• IBC Group – Leading VC and crypto growth marketing incubator.

• CGV FoF – Japan-based investor focused on Bitcoin ecosystem and infrastructure.

• TyreGate Capital Group – Global family office with diversified investments.

• CJNA – The fastest growing community-led accelerator powered by citizen journalism leaders.

 

A Note from APAC DAO

 

As a community committed to fostering innovation across Asia-Pacific, APAC DAO is proud to see our partners like BitFi reach significant milestones. Our support is grounded in shared values of transparency, decentralization, and inclusive growth across the Web3 ecosystem.

Stay tuned for more updates from BitFi and the growing CeDeFi landscape they are helping shape.