DeFi protocol Folks Finance announced a strategic investment from Danu Ventures.

DeFi protocol Folks Finance announced a strategic investment from Danu Ventures, with the specific amount not disclosed. The new funding will be used to accelerate its cross-chain expansion, supported by Chainlink, Wormhole, and Circle messaging layer technologies.

Previously, in February, Folks Finance announced the completion of a strategic round of financing, with participation from Algorand Ventures. Folks Finance has previously received support from Borderless Capital, Jump, Parafi, and Coinbase Ventures.