The crypto lending platform Trident Digital Group has completed an $8 million seed round financing, led by White Star Capital and New Form

2023-09-07 08:07:20

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ChainCatcher news, the crypto lending platform Trident Digital Group, founded by former Coinbase executives, has completed an $8 million seed round financing, led by White Star Capital and New Form, with participation from CMT Digital, Joint Effects, and Permit Ventures. Trident will launch a yield product that links returns to risk-free interest rates while ensuring that government bonds physically back any deposits.

It is reported that Trident CEO DeMartino previously worked at UBS, Barclays, and HSBC, joined Coinbase in 2021 as Head of Risk Strategy, focusing on DeFi and derivatives trading, and later served as CEO of Matrixport's U.S. operations for a year before resigning in July. Trident's Chief Business Officer Toby Norfolk-Thompson was the Chief Investment Officer of Coinbase Risk Strategy at Coinbase and previously served as Chief Investment Officer for the U.S. and U.K. at Matrixport.

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