The blockchain fund management platform Kilde has completed a $1.115 million seed round financing, with participation from the Algorand Foundation and others

ChainCatcher news, Singaporean private debt platform Kilde has completed a $1.115 million seed round financing, with participation from Big Sky Capital, Borderless Capital, AXL ventures, Algorand Foundation, and Angel. The funds raised will be used to expand operational scale and market reach, as well as to develop a blockchain-based fund management system called SafeBay.

It is reported that SafeBay aims to help blockchain companies manage short-term financial assets and provide on-chain comprehensive credit products that comply with industry regulations. Currently, SafeBay has reached a cooperation agreement with the Algorand Foundation and plans to launch in the third quarter of this year. (source link)