DeFi Protocol Exotic Markets Closes Private Sale with $5 Million

Exotic Markets, a DeFi protocol that aims to bring wealth management and structured products in the DeFi industry, is proud to announce that it successfully gathered $5M from celebrated investors and VCs.

In detail, the private token sale was attended by noteworthy investors that include Solana Capital TPS, Animoca Brands, Alameda Research, Morningstar Ventures, and others. Meanwhile, Multicoin and Ascensive Assets participated as lead investors.

To achieve its goal, Exotic Markets utilizes the Solana Blockchain. That said, Solana becomes the go-to place for DeFi products, services, and protocols. All this is thanks to the network’s high efficiency, low fees, and fast speed.

In addition, the platform’s team is enthusiastic about innovating never-before-seen technologies and products across the space. Exotic Markets is proud to have a unique structure that makes it stand out among other DeFi projects on the market.

Moreover, it also supports single product offers that include path-dependent products, digitals, and vehicles that are based on token performance.

Correspondingly, Oliver Blakey, the Managing Partner of Ascensive Assets adds:

At Ascensive Assets, we have a long-term vision for the market and focus on supporting projects that offer sustainable value. Structured products will open up opportunities for investors to generate yield denominated in stablecoin rather than governance tokens. We view this as a very healthy evolution of the DeFi space.

Additionally, Multicoin Capital’s Spencer Applebaum states:

At Multicoin, we are very excited about the growth in structured products. Exotic Market’s unique architecture will allow more forms of payoffs on more underlyings than we have ever seen before. This will end up benefiting the entire DeFi space and create new ways for people to benefit from the volatility market.