Pantera Capital leads $16.5M round for StarkWare-powered DEX Brine Fi

Zk-powered decentralized exchange Brine Fi secured a $16.5 million Series A funding round at a $100 million valuation, led by Pantera Capital.

Decentralized exchange Brine Fi raised a $16.5 million Series A funding round at a $100 million valuation, led by Pantera Capital.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Decentralized exchange Brine Fi secured $16.5 million at a $100 million valuation in a Series A funding round led by Pantera Capital.

"Brine tackles some of the most important challenges holding back institutional and mainstream user adoption in DeFi," Pantera Capital Managing Partner Paul Veradittakit said."There's an urgent demand for a self-custodial execution layer that is faster, more reliable, user-friendly and cost-effective."

in August. Venture funding for crypto startups came in at less than $500 million last month — a low point not seen in over two years.

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