Wave Financial Launches $100M Fund to Support Cardano DeFi

SEC-regulated digital asset investment management company Wave Financial announced the launch of its $100 million ‘Wave ADA Yield Fund’ to support the development of new Cardano-based DeFi apps and platforms. $100 Million ADA Yield Fund According to the official blog post, Wave Financial intends to launch ADA Yield Fund to provide liquidity to Cardano’s growing decentralized finance (DeFi) platforms. Currently, there are more than 500 projects being built on top of the Cardano ecosystem. “Our new fund will support the new decentralized exchanges, lending protocols, and stablecoin issuers building on Cardano. Each of these decentralized applications adds to the strong foundation of the Cardano blockchain as it realizes a fully functional and diverse ecosystem,” said David Siemer, CEO of Wave Financial in the announcement release. Wave is a Los Angeles-based digital asset investment manager regulated by the U.S. Securities and Exchanges Commission (SEC) which provides institutional and private wealth digital asset management solutions including and strategic consultation to the digital asset ecosystem. “it’s critical for the success of the ecosystem that Cardano-based projects thrive, and so we are pleased that the ADA Yield Fund is committing substantial financial resources to facilitate continued growth and market acceptance,” Charles Hoskinson, founder of Cardano added. @wave_financial Launches ADA Yield Fund to Support Carda...