Argo Blockchain-related DeFi Fund Raises $ 15 Million

DeFi-focused firm Dispersion Holdings raised £ 11m ($ 15.3m) in a share placement. CoinDesk reports .

The securities were listed on the British alternative trading system Aquis under the ticker symbol DEFI. Among the buyers was Schroders, a large asset management company. 

Dispersion Holdings has a capitalization of £ 18 million ($ 25 million).

DEFI is positioned as an opportunity for investors to bet on the further development of the DeFi sector. Its peculiarity is that there is no need to directly contact cryptocurrencies and the market based on the use of smart contracts.

Dispersion Holdings’ CEO is Argo Blockchain co-founder Mike Edwards, and Timothy Le Druillenec, a director of NFT Investments, is a director.

“We are going to invest in projects based on Ethereum, Binance and Polkadot early on ,” Edwards explained.

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