Alameda Analysis invests $20M in Reef Finance

After investing in journey app Maps.me and decentralized finance protocol Oxygen, Alameda Analysis shall be placing $20 million into Reef Finance, the Polkadot-based DeFi platform.

In response to Reef Finance, Alameda Analysis shall be buying $20 million price of the agency’s native tokens, REEF — roughly 528 million on the present worth of $0.03787. The funding will reportedly enable the 2 corporations to collaborate on expertise and technique “within the close to future.” Reef CEO Denko Mancheski added the extra funds would assist the agency develop DeFi functions for the Reef blockchain.