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Sequoia China leads $25M equity round for DeFi wallet DeBank
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DeBank, a cryptocurrency wallet focused on decentralized finance (DeFi) solutions, has closed new funding led by major venture capital firm Sequoia China.
The firm announced Tuesday on Twitter that it raised $25 million, bringing DeBank’s total valuation to $200 million.
Apart from Sequoia China, the funding round featured major crypto investment firms like Dragonfly, Hash Global and Youbi.
The raise also included strategic funding from Coinbase Ventures, Crypto.com exchange, stablecoin provider Circle and hardware wallet maker Ledger.
DeBank is a cryptocurrency wallet designed to track DeFi data, including decentralized applications or exchanges (DEX) and DeFi interest rates. It also lets users navigate and manage various DeFi assets and
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