Decentralized exchange's foundation raises $100 million from institutional investors

By Gertrude Chavez-Dreyfuss

Technology
Friday, 07 Jan 2022
9:32 PM MYT

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FILE PHOTO: Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration

NEW YORK (Reuters) - The Incentive Ecosystem Foundation (IEF) said on Friday it has raised $100 million for Serum, a decentralized exchange and platform, to help expand its network and position it as a core liquidity infrastructure provider.

As a decentralized exchange, Serum provides the underlying liquidity infrastructure for applications built on the Solana blockchain. IEF, meanwhile, supports development and applications on Serum.

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-PWHC	0.185	0.185	0.150	0.155	-0.025	-13.89	2,097,442
HSI-CWGA	0.090	0.100	0.080	0.095	0.000	0.00	1,736,789
HSI-PWFZ	0.210	0.210	0.180	0.180	-0.025	-12.20	1,530,148
HSI-CWEY	0.200	0.235	0.200	0.235	0.015	6.82	932,049
HSI-CWEZ	0.100	0.115	0.095	0.115	0.005	4.55	904,144
HSI-PWF1	0.070	0.070	0.060	0.070	-0.005	-6.67	587,254
MYEG	0.950	0.950	0.920	0.930	-0.025	-2.62	506,417
HSI-CWC6	0.135	0.160	0.115	0.150	-0.005	-3.23	439,016
ECOSHOP-CJ	0.095	0.100	0.095	0.100	0.000	0.00	426,836
HSI-CWGB	0.165	0.195	0.160	0.185	0.005	2.78	395,652
TANCO	0.960	0.960	0.940	0.955	-0.005	-0.52	386,380
ECOSHOP-CH	0.025	0.030	0.025	0.030	0.005	20.00	330,702
TRIVE	0.015	0.020	0.015	0.015	0.005	50.00	290,991
NEXG	0.345	0.360	0.335	0.355	0.005	1.43	263,196
VELESTO	0.190	0.195	0.185	0.190	0.005	2.70	256,303

Decentralized exchange's foundation raises $100 million from institutional investors