Blueberry Protocol Raises $2.5 Million in Series A Funding to Revolutionize DeFi Prime Brokerage
Blueberry Protocol, a decentralized prime brokerage terminal, has secured $2.5 million in Series A funding led by White Star Capital and Varys Capital. The investment round also saw participation from other notable investors, signaling a strong vote of confidence in Blueberry’s mission to redefine prime brokerages in the decentralized finance (DeFi) space.
With the DeFi sector surpassing $100 billion in Total Value Locked (TVL) and the recent approval of Ethereum ETFs, Blueberry Protocol is well-positioned to lead institutional DeFi adoption. By offering decentralized access to generalized leverage for Ethereum-based DeFi assets, Blueberry aims to enhance accessibility, capital efficiency, and profitability for DeFi users.
The integration of advanced risk management tools and a sophisticated leverage framework sets Blueberry apart, providing users with higher leverage compared to traditional prime brokerage services. This move is expected to open up new opportunities for DeFi traders and investors, catering to both conservative whales and high-stakes degens.
Cameron Coombes, Vice President at White Star Capital, emphasized the importance of Blueberry’s mission, highlighting the core ethos of decentralized finance. Darius Askaripour, Managing Partner at Varys Capital, praised Blueberry’s initiatives, recognizing the team’s potential to develop essential building blocks for DeFi.
Jonathan Thomas, CEO and Co-Founder of Blueberry Protocol, expressed excitement about the future, stating, “By delivering industry-leading Loan-to-Value (LTV) ratios of up to 20x, we’re poised to revolutionize on-chain trading and yield strategies.”
The fresh funding will be allocated towards team expansion and enhancing security measures. Blueberry Protocol also announced plans to offer early access to its native BLB tokens through Fjord Foundry and PancakeSwap events, further solidifying its commitment to innovation in the DeFi space.
In a rapidly evolving landscape, Blueberry Protocol’s vision for decentralized prime brokerage services is set to make a significant impact, paving the way for a more accessible, efficient, and profitable DeFi ecosystem.
