Codebase Ventures Inc. Launches Investment Portfolio, Accumulating Key Investments in DeFi Ecosystem


“In the same way that the internet radically changed the way humans interacted and did business with each other in the late 90s, Codebase believes that DeFi and blockchain technology will do the same for finance in the future. close,” the company said.

Codebase Ventures Inc told investors it launched an investment portfolio, accumulating key investments in the decentralized finance (DeFi) ecosystem following extensive research and planning with advisers from the company in accordance with its DeFi blockchain investment thesis.

The technology investment firm said the rapid development of blockchain technology within the financial industry and the emergence of DeFi has enabled millions of previously unbanked and underserved populations to participate in the new decentralized financial system.

“In the same way that the internet radically changed the way humans interacted and did business with each other in the late 90s, Codebase believes that DeFi and blockchain technology will do the same for finance in the future. close,” the company said in a statement.

READ: Codebase Ventures appoints blockchain engineer Manan Mehta as senior technology advisor

In response to its thesis, Codebase said it has started accumulating key investments in some of the biggest DeFi protocols in the ecosystem. With these investments, not only will it have the ability to profit, but it has also stated that it will also have the ability to participate in governance decisions under these protocols, shaping the future of decentralized finance as she is maturing.

“As public companies such as Facebook focus on developing the Metaverse, Codebase’s technology advisors have identified and initiated key investments in strategic assets within the Metaverse,” the company said.

“Code’s investments will be guided by the ability to secure exclusive rights to assets within the metaverse, all with the ability to build, explore, and create new partnerships and opportunities in the space,” a- he added.

Separately, Codebase reported having completed the first closing of a non-brokered private placement of up to $2 million after accepting subscriptions for 13,199,999 units at a price of $0.07 each, for gross proceeds of 923,999. $.50.

He said each unit consists of one common share and one common share purchase warrant, entitling the holder to purchase one additional common share at $0.09 for two years from the closing date. , subject to the company’s option to accelerate the expiration date in the event its shares trade at $0.15 or higher for 10 consecutive days.

Codebase paid $31,200 in cash and issued 445,714 warrants on the same terms to a qualified researcher. The proceeds will be used for working capital and to finance future investments, the company added.

Codebase Ventures seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem and fintech. The company identifies these opportunities and uses its relationships and capital to advance its interests.

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