Decentralized risk hedging strategy management company Umoja completes $2 million funding

ChainCatcher news, decentralized risk hedging strategy management company Umoja has completed a $2 million financing round, with participation from Quantstamp, Blockchain Founders Fund, Orange DAO, Hyperithm, Psalion, Blizzard (Avalanche), and others.

It is reported that the company was founded by Robby Greenfield, former head of social impact business at ConsenSys, with the aim of helping users insure their market losses like hedge funds to ensure their financial health, and introducing asset risk management in the DeFi space. Currently, the company mainly serves the cryptocurrency sector, with plans to expand its decentralized hedging model to more digital asset areas such as digital bonds, real estate, and commodities in the future.