RioDeFi, a Singapore-based decentralised finance startup, has launched an incubator hub designed to deliver higher blockchain interoperability to Asia.
The hub has already birthed its first three dApps: Lepricon, a gamified DeFi prediction market; LABS, an end-to-end ecosystem supporting the true property market; and MANTRA DAO, a community-governed platform specializing in staking, lending and governance.
Since incubating, the three tasks have raised greater than $15 million in funding.
James Anderson, CEO, RioDeFi, says: “DeFi has gained lots of traction over the previous 12 months, and it has been a number of months since NFTs have stepped into the limelight.
“As conventional finance makes an attempt to merge with these new and thrilling applied sciences, the trade nonetheless suffers from an absence of insights on regulation and user-protection. Our aim is to assist legitimize tasks from starting to finish, enabling DeFi to soundly bridge with mainstream finance.”