Sequoia China is leading a funding round for China-born DeFi wallet DeBank as DeFi is growing increasingly popular in the country amid the new crypto ban.
DeBank, a cryptocurrency wallet focused on decentralized finance solutions, has closed new funding led by major venture capital firm Sequoia China.Tuesday on Twitter that it raised $25 million, bringing DeBank’s total valuation to $200 million.
The raise also included strategic funding from Coinbase Ventures, Crypto.com exchange, stablecoin provider Circle and hardware wallet maker Ledger.
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