$2.4M Funded to ULTRADE as the New Wave of DeFi-as-a-Service Infrastructure Emerges
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
ULTRADE aims to disrupt the dominance of CEXes with its DeFi-as-a-Service infrastructure. The whitelabel model offers a full featured DeFi trading ecosystem so that brands, projects and communities can instantly launch their own DeFi services to generate and capture trading fees from their audience in an owned experience.
On September 7, ULTRADE announced it had received $2.4M seed funding from VCs in the Web3 space to further the development of its platform. Investors include Algorand Foundation, Big Brain Holdings, Tess Ventures, Sarson Funds, Valhalla Capital, Stealth Capital and more.
“Over the years, Tess Ventures has invested in numerous prominent blockchain/crypto companies. ULTRADE's superior execution stands out. Their Testnet has had a speedy and successful start - I'm confident that Goldman's vision and leadership will make mainnet a hit.” Tess Hau, Founder of Tess Ventures
ULTRADE's white label program enables brands, projects, and communities to offer their audiences a vast array of trading functionalities and keep the majority of trading fees. By whitelabeling the Ultimate Trading Suite, other brands, and even influencers, can launch a full-featured DeFi platform in minutes, not months, and start earning immediately. Secondly, they get to tap into the power of the ULTRADE ecosystem and provide their users with established liquidity from day one. Furthermore, they can leverage ULTRADE's tech and earn up to 90% of all fees, with no coding, servers, or upfront costs.
These benefits are not limited to one asset class either. ULTRADE supports all asset types, including token pairs, leveraged perpetuals, synthetic
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