Minterest Investor Spotlight Series — Digital Finance Group
Investors are fundamental to Minterest’s journey and the selection process undertaken by the team was intensive. Each investor was chosen because of their track record, long-term view and value add to the team and protocol. We thought featuring them, providing insights into why they are so important to Minterest, would be worthwhile, and possibly valuable, for other startups in the space. This week we’re focusing on DFG.
Digital Finance Group (DFG) is a global investment firm whose core focus is empowering blockchain and Web 3.0 projects. Founded in 2015, the firm has more than $1 billion assets under management. Represented across global emerging technology and financial capitals, DFG has employees around the world. The company invests across seed, early stage, and later stage projects in the blockchain, payment, infrastructure, and wider digital asset space.
The group’s impressive portfolio includes equity stakes in LedgerX (recently sold to FTX), Bloq, Circle, Brave, and Big Time Studios, as well as investments in Polkadot, Ethereum and Solana. DFG is also the parent company of Matrix, the first fully licensed regulated cryptocurrency exchange under the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
As well as its broad investment outlook, DFG recently announced a $20 million fund dedicated to projects on the Polkadot blockchain. This brought Minterest to the group’s attention, leading them to become an important strategic investor.
James Wo, Founder and CEO of DFG, said,
“Minterest has engineered a major improvement in the current DeFi ecosystem by solving issues that exist in legacy DeFi protocols. Its unique token buy-back mechanism using the protocol’s own value means that Minterest passes on protocol rewards to users for their participation in its governance. It’s the first of its kind in DeFi, and a truly sustainable, long-term, model. It’s this kind of innovation that really attracts us as investors.”
Kyn Chaturvedi, Chief Operating Officer of Minterest, said,
“Bringing DFG onboard gives us crucial international expertise as we scale our project. The team has seen massive success at every stage of business across the world’s blockchain markets, and their expertise in Polkadot is also incredibly valuable.”
So welcome to Minterest, in your best interest
Minterest is a unique borrowing/lending protocol built by industry leaders to service the billions in Total Value Locked (TVL), in DeFi lending projects, with the specific aim of putting user benefits at its core. It provides users with a decentralised financial platform that is fair and inclusive.
The Minterest protocol has the world’s first buyback mechanism, which automatically captures and passes on rewards to platform users via its unique on-chain liquidation process. This means that users participate in rewards generated by the protocol, in addition to earning industry leading borrowing/lending rates. This results in potentially the highest long-term yields in DeFi.