DeFi protocol developer XION Finance secured $50 Million Investment Commitment from GEM Digital

Xion Finance

Xion Finance, a British Virgin Islands-based DeFi protocol developer, has secured an investment commitment of $50 million.

Xion Finance was founded by Ronan Quarmby. It is a DEX aggregator, staking and multi-chain Launchpad protocol. Leveraging multi-chain bridging solutions for zero slippage swaps, high yielding staking opportunities and investment allocations into top-tier metaverse and gaming IPOs.

Executive Opinion

Ronan Quarmby, Founder of Xion Finance and CEO of Xion Global, said, "We're excited to continue to bridge the gap between Web2 and Web3 environments, providing everyday users with the ability to earn high yields, swap assets between multiple chains and the opportunity to invest into tier one projects. This strategic investment from GEM will expand our initiatives globally, enabling our advancement for the future vision of DeFi and Web3 payments".

Xion Finance's Latest Funding

The investment has been committed by GEM Digital Limited.

For DeFi startup, the investment commitment will help to accelerate the product development roadmap and overall adoption of the Xion Finance application, notes the announcement.
PC: Pixabay

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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