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City Protocol raises $11 million in seed funding to develop infrastructure for on-chain structured products, backed by Dragonfly, Jump Crypto, and others.
City Protocol has completed a combined $11 million seed and pre-Series A funding round. It is developing infrastructure that supports the issuance, operation, and distribution of on-chain financial products. The planned products will allow automatic trading and rebalancing of assets in users' wallets. Major investors include Dragonfly, Jump Crypto, CMT Digital, and others.
Company Information
Company
City Protocol
About
City Protocol is a developer of infrastructure for on-chain structured products. The company focuses on the issuance, operation, and distribution of on-chain financial products using a modular approach. It enhances security through smart contract-based multisignature permission controls. City Protocol has also launched the Benzo platform, which offers institutional-style trading strategies.
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