Crypto lending agency Celsius Network raises $400M
Cryptocurrency lending platform Celsius Network has raised $400 million in a brand new fairness funding spherical amid United States regulators more and more cracking down on crypto lending.
Announcing the information on Tuesday, Celsius famous that the newest funding was led by Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), and WestCap, an fairness agency established by former Airbnb government Laurence Tosi.
Celsius Network raises $400m. @FT
“The funding round was led by WestCap… and Caisse de dépôt et placement du Québec (CDPQ).” More:https://t.co/L5wpMxCvcR
— Celsius (@CelsiusNetwork) October 12, 2021
Celsius CEO Alex Mashinsky expressed hope that the brand new fundraising would assist the trade reassure regulators concerning the stability of his crypto lending enterprise and develop it throughout mainstream monetary markets. “It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” he said in an interview with the Financial Times on Tuesday.
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