Japan · Funding Round · The Block
Tarun Chitra’s Gauntlet raises $125 million Series C from sole investor SBI Holdings
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Crypto yield curator Gauntlet has raised $125 million in a Series C funding round, with Japan's SBI Holdings as the sole investor through its U.S. subsidiary, SBI Holdings USA, Inc.
Key facts
- Crypto yield curator Gauntlet has raised $125 million in a Series C funding round, with Japan's SBI Holdings as the sole investor through its U.S. subsidiary, SBI Holdings USA, Inc
- The Funding newsletter: Stay on top of the latest crypto VC funding and M&A deals, news, and trends with their free bi-monthly newsletter, The Funding
- Vaults have proven themselves to be the next major revolution in financial markets," said Tarun Chitra, co-founder and CEO of Gauntlet
- With the fresh capital, Gauntlet plans to expand stablecoin coverage beyond the U.S. dollar (USD) and euro (EUR) to include the Mexican peso (MXN), Japanese yen (JPY), and other fiat-backed
Summary
With the fresh capital, Gauntlet plans to expand stablecoin coverage beyond the U.S. dollar (USD) and euro (EUR) to include the Mexican peso (MXN), Japanese yen (JPY), and other fiat-backed stablecoins. Founded in 2018 as a blockchain analytics company before later shifting to crypto vault curation, Gauntlet helps institutions deploy capital onchain into DeFi markets while providing risk management and optimization services. "Vaults have proven themselves to be the next major revolution in financial markets," said Tarun Chitra, co-founder and CEO of Gauntlet. Chitra said the new funding will help Gauntlet expand globally as more financial activity moves onchain.