DeFi asset management protocol Velvet Capital has completed a $3.7 million financing round, with participation from YZi Labs and others

according to Cointelegraph, the DeFi asset management protocol Velvet Capital announced the completion of a $3.7 million funding round, with participation from YZi Labs, Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindful Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, and DWF Ventures.
This funding accelerates Velvet's mission to provide frictionless portfolio management and trading for funds, DAOs, and individual traders, while also driving the launch of its new governance and utility token, Velvet.