Premier Silicon Valley VC firm, AKA Angel, to invest in Pledge Finance, The World’s Leading Marketplace for Financial NFTs
The investment will allow Pledge to expand its marketing and increase liquidity, ultimately bringing more potential borrowers and traders to the platform.
PALO ALTO, CA / ACCESSWIRE / February 4, 2022 / Committed to being the first marketplace for bitcoin loans, Pledge is thrilled to announce an investment from US-based investor Gianfranco Filice, through his angel fund AKA Angel. As a venture partner at OVO Fund focusing exclusively on Web3 investments, Filice's investment signals confidence in strong returns when investing inlonger-term loan products for the crypto ecosystem.
Pledge allows crypto holders and investors to take a fixed-rate loan from the Pledge ecosystem without selling their crypto portfolio to invest in other non-crypto asset classes. AKA Angel's investment in Pledge demonstrated conviction in the long-term value of bridging blockchain with real-world assets.
"Pledge's most significant point of differentiation is to allow long-term holders of crypto to continue to share in an asset's upside potential, while also recognizing that the desire to diversify into real assets may require liquidity at a time that is not opportune for investors," said Filice. "If modern portfolio theory is any indication of a sound investment strategy, the ability to maintain one's crypto positions while also diversifying into other financial instruments such as equities, fixed income, real estate, ad infinitum will only create a more robust ecosystem for Web3 as a whole."
Excited about the investment, Tony Y. Chan, CEO of Pledge, said, "Together with Gianfranco's expertise, value add, and network, Pledge will allow crypto investors to take loans and diversify their crypto portfolio into other asset classes. The client does not have to sell their bitcoin to diversify into other investment products or strategies recommended by financial advisors and others. Pledge delivers a legitimate end-to-end solution for crypto-rich cash-poor clients."
For further inquiries on Pledge's partnership and other activities, email bd@pledger.finance
About Pledge
Pledge is the world's lending marketplace for Financial NFTs. Starting with the fixed-rate and terms bitcoin loan, Pledge V1 offers TradFi and DeFi investors a fixed return, and in parallel, fixed cost of capital to professional crypto traders. Pledge V2 will make bitcoin loans tradable by converting bitcoin loans into Financial NFTs.
For more information, please visit www.pledger.finance
About Gianfranco Filice & AKA Angel
Gianfranco Filice is a Venture Partner with OVO Fund, a premier pre-seed institutional VC firm in Menlo Park. His background includes stints at Goldman Sachs, McKinsey, Barclays, and Matrix Partners. OVO's portfolio consists of Addepar, SignifyID, Monthly, Everlaw, and KiwiCrate.
For more information, please visit www.gianfranco.io and www.ovofund.com
Media Contact:
Dan Spencer
dan@energentmedia.net
SOURCE: Pledge Finance
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https://www.accesswire.com/687242/Premier-Silicon-Valley-VC-firm-AKA-Angel-to-invest-in-Pledge-Finance-The-Worlds-Leading-Marketplace-for-Financial-NFTs
