Decentralized finance (DeFi) protocol Num Finance has raised $1.5 million in a funding round and will expand its stablecoin offerings in Latin America and Middle East, the firm announced Tuesday in a press release.
Investors in the protocol’s pre-seed round include stablecoin developer Reserve, along with digital asset investor H2O Scouter Fund, Argentine crypto firm’s investment arm Ripio Venture, decentralized venture fund VC3 DAO and Matias Woloski, chief technology officer of Auth0.
Num Finance says it will expand its stablecoin offerings with tokens pegged to the Brazilian real, Colombian peso, Mexican peso and Bahrain dinar within the next month. It will also focus on growing its real-world asset
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