Stanford researcher-led Pledge raises $3M for decentralized lending protocol

Decentralized lending protocol Pledge has secured $3 million in investments for its cross-chain ecosystem targeted on long-term financing, highlighting the continued innovation within the DeFi sector.

The funding spherical was led by DHVC, a Palo Alto-based enterprise capital agency, with further participation from U.C. Berkeley professor Gary LaBlanc and Stanford College group members Ray Wong and Torsten Wendl. The increase will help Pledge in its mission to grow to be a premier crypto-asset lending platform that finally paves the way in which for tokenized real-world monetary belongings.