Advanced Blockchain : Has Invested in Element Finance Via its Subsidiary

Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) has invested via a subsidiary into Element Finance, an open source protocol for fixed and variable yield markets in decentralized finance (DeFi). The project closed their Series A by successfully raising $32 million at a $320 million valuation, of which Advanced Blockchain AG, through its subsidiary  invested a 7 figure amount, positioning Advanced Blockchain AG as one of the largest investors in the round. The Series A was led by a16z (Andreesen Horowitz) and Polychain Capital. Angel investors included Rune Christensen of MakerDAO; Stani Kulechov, the founder of Aave; Fernando Martinelli, the founder of Balancer; Santiago Santos, and many others.

The Element Protocol maximizes capital efficiency, creates market liquidity, and reduces user costs. Users can purchase popular cryptocurrencies at a discount without being locked into a fixed term. This allows a fixed-rate income and enhanced capital efficiency to be secured. More information about Element Finance and its protocol can be found on the Element Finance website (https://www.element.fi/).
 

DeFi-based fixed rate instruments are still in their nascent stages, yet will ultimately prove to be an integral asset class within the burgeoning DeFi ecosystem. Given the team’s pedigree, proven ability to execute, and strong base of supporters, it is clear no team is better positioned to herald in new asset constructs into DeFi.

Advanced Blockchain will provide unique value to the Element Finance team by integrating the team into its “Ecosystem-as-a-Service” (EaaS) model, where the organization plans on building products on top of the Element Finance software development kit (SDK). In addition, Advanced Blockchain plans to integrate Element Finance into numerous portfolio and incubated companies, catalyzing growth and expansion across Advanced Blockchain AG’s portfolio.

Additional information on Advanced Blockchain AG and its other projects and investments can be found at https://www.advancedblockchain.com/.