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Sequoia Capital Joins Open DeFi Initiative

Sequoia Capital has joined Open DeFi to provide a connection to institutional investment as well as a wealth of experience of evaluating innovation.

Open DeFi was launched in September 2020 as a bridge across borders, cultures, and markets with the goal of fostering the growth of DeFi through focuses on risk, liquidity, and innovation. With Sequoia Capital joining Open DeFi, Open DeFi has added a member with high-profile experience in investing in and evaluating revolutionary technologies that can disrupt existing systems. Sequoia’s knowledge and experience will be instrumental in leading and growing the DeFi space.

Since 1972, Sequoia Capital has partnered with many companies that now have an aggregate, public market value of over $3.3 trillion. As a global investment firm, Sequoia Capital has notable portfolio companies including Apple, Google, Oracle, Stripe, and Nvidia. Additionally, their China branch has invested in companies such as DiDi, Alibaba, and DJI.

“DeFi is becoming an indispensable force of the blockchain ecosystem. Many new initiatives are happening and Open DeFi is a platform to encourage such innovation and entrepreneurship.” — Hao Wang, Vice President, Sequoia China

With any new DeFi concept, a vital part of growth and sustainability is liquidity and investments. Open DeFi and Sequoia can provide the necessary resources ranging from knowledge to partnerships to grow cutting-edge innovation in the DeFi space.

“DeFi needs institutional trust in its rapidly evolving innovation landscape. A progressive venture capital firm like Sequoia brings in that extensive experience to embrace new investment models that are fundamental to the decentralized technology theses.” — Eden Dhaliwal, Global Managing Director, Conflux Network

About Open DeFi

Launched in 2020, Open DeFi is a global initiative that seeks to develop the decentralized financial ecosystem and advance the collaboration of DeFi projects across borders and blockchain networks. Through a unique program focused on risk management, new liquidity strategies, and innovation, Open DeFi brings together global CeFi and DeFi partners to drive the future of finance. Members include Conflux Network, Sequoia Capital, Blockpower Capital, Antelope Holdings, dForce, DeBank, MCDEX and Shanghai Science and Technology Committee.

For more information, visit: https://www.open-defi.com/

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