/ Kilde bags $1.1m to bankroll securities tokenization project
Kilde bags $1.1m to bankroll securities tokenization project
The fresh funds will help the Singapore-based firm expand its private credit offerings and develop SafeBay, its securities tokenization project.
Funding details
Funding amount:$1,115,000
Other investors:Big Sky Capital VC, Borderless Capital, AXL Ventures, Algorand Foundation
Stage:Seed
Founded in 2019, Kilde caters to accredited and institutional investors by giving them access to private credit deals, which can yield annual returns of up to 13.5%. The company said that its investors have seen annual returns of 11.9%.
“To date, we have witnessed a surge in interest in private credit investments in 2023 from family offices and high-net-worth individuals. Greater liquidity from investors allows us to focus on larger deals and negotiate better terms,” Kilde CEO Radek Jezbera said in a statement.
The company’s new project, SafeBay, aims to support blockchain-native firms by helping them manage their short-term financial assets. It added that it is working with Algorand Foundation for the project to build infrastructure catering to fixed-income capital markets.
Kilde is planning to roll out SafeBay by the third quarter of the year.
