April 16, 2021 — Blockchain synthetics startup Beyond Finance has announced a strategic investment from OKEx Blockdream Ventures, which will advise and assist Beyond Finance in establishing a valuable market presence, business development, brand recognition, increased user traffic and development of advanced derivative products. OKEx Blockdream Ventures works closely with its investment projects to establish valuable connections with trading platforms, various forms of business and ecosystem development, and market recognition. Beyond will also gain access to the numerous OKEx products and services.
Jeremy Park, head of marketing at Beyond Finance, said:
“Beyond will use the investment to capitalize on the development of our testnet and mainnet and to deploy our go-to-market strategy. In the rapidly expanding DeFi ecosystem, we will focus heavily on a user-friendly UI/UX and build a decentralized platform and protocol that allows any user to trade synthetic products, all in a transparent manner. We are ecstatic and look forward to finalizing our product launch.”
Recently, Spark Digital Capital and GBIC have also made strategic investments in Beyond Finance.
Spark Digital Capital, a research-focused crypto fund that heavily invests in the innovation of blockchain technology, added Beyond Finance to its portfolio along with 1inch, The Graph and Casper Labs. Global Blockchain Innovative Capital is a global hub for blockchain technology that specializes in accelerating exciting projects and will assist Beyond Finance in marketing infrastructure, business development and PR.
Beyond Finance recently completed its public sale via an initial DEX offering on five platforms. These included DuckStarter, which was sold out and oversubscribed by more than 500%, as was Ignition + DAO Maker Pool, Zendit, Bondly and PolkaBridge.
About OKEx Blockdream Ventures
OKEx Blockdream Ventures is an investment institution under OKEx that focuses on exploring the best blockchain projects worldwide, supports the most cutting-edge blockchain technology and innovation, promotes the sustainable development of the global blockchain industry, and focuses on long-term structural value investment.
About Beyond Finance
Beyond is a decentralized platform for creating and trading synthetic financial products designed to suit the needs of the synthetic creator. These synthetic products can be made to track prices of underlying assets, such as currencies, commodities, stocks, exchange-traded funds and more. Each synthetic product can be made to represent $1 or more complex products, such as leveraged/inverse ETFs.
These synthetic products are governed by the Beyond protocol and collateralized by BYN tokens. Deep liquidity is created for synthetic products through our automated market maker that is built on our protocol. Bid/ask orders can also be used on the trading interface for controlled trading orders. BYN token holders are incentivized to stake and provide liquidity to the synthetic products, as it allows the token holders to be rewarded with additional BYN tokens.
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