Lantern Finance Secures Over $1M to Accelerate Growth of Digital Asset-Backed Lending Platform

Lantern Finance Secures Over $1M to Accelerate Growth of Digital Asset-Backed Lending Platform

Lantern Finance, an innovative financial services and technology startup, has successfully raised over $1 million in a pre-seed funding round that saw overwhelming interest from both institutional and angel investors. This substantial investment will fuel the development of Lantern’s cutting-edge digital asset-backed lending platform, offering new opportunities for investors.

Overview of Lantern Finance’s Funding Round

The recent funding round attracted notable participants, including:

Purpose of the Funding

The capital raised will primarily support the following initiatives:

  • Development and scaling of Lantern’s digital asset-backed lending platform.
  • Expansion of product offerings.
  • Enhancement of security measures and customer support capabilities.

How Lantern Finance Works

Lantern Finance provides a unique solution for users looking to access liquidity without selling their digital assets. The platform allows users to:

  • Borrow against their digital assets.
  • Receive funds directly into their bank accounts.
  • Maintain exposure to potential long-term gains without triggering taxable events.

Statements from Co-Founders

Co-founder Jung Won Kim expressed gratitude for the support, stating, “We’re incredibly grateful for the overwhelming participation from both institutional investors and angels. This milestone validates our mission to bridge digital assets with mainstream financial services securely and user-friendly.”

Co-founder Prince Jindal reiterated this sentiment, emphasizing the importance of this funding in enabling Lantern Finance to innovate and scale rapidly to meet customer needs.

Looking Ahead

With this new influx of capital, Lantern Finance is poised to make significant advances in the digital lending space, enhancing its platform and providing valuable services to its users. For more information on their offerings, visit their official website.

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