Condividi questo articolo
DeFi Infrastructure Provider Qredo Raises $80M at $460M Valuation
10T Holdings, a crypto investment firm led by hedge fund manager Dan Tapiero, led the round.
Di Brandy Betz
Decentralized finance (DeFi) infrastructure company Qredo has raised $80 million in an oversubscribed Series A round led by 10T Holdings, the crypto investment firm of hedge fund manager Dan Tapiero, at a $460 million valuation.
The funding round included $60 million of primary capital and $20 million from secondary investors. The funds will help fuel growth, which includes potential acquisitions, further development of retail investor offerings and geographic expansion.
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter Crypto Daybook Americas oggi. Vedi tutte le newsletter
Coinbase, Avalanche and Terra participated through strategic investments.
Other investors in the round included Kingsway Capital, HOF Capital, Raptor Group and GoldenTree Asset Management.
Qredo has now raised $120 million in the past year, including a seed round in May 2021 and a private token sale last June.
Qredo offers a layer 2 protocol that enables instant cross-chain swaps and settlement on supported blockchains, all at a lower cost than layer 1 transactions.
Qredo uses decentralized multi-party computation (MPC), a cryptographic tool that eliminates the need for individual keys, a security weak point, by allowing multiple computers to share private data representing a piece of the key.
“Infrastructure is a key battleground for scaling crypto adoption,” 10T founder and CEO Dan Tapiero said in the press release. “Qredo’s distributed architecture and unique implementation of MPC is a game-changer for the secure custody and settlement of crypto assets.”
Last October, Qredo was named among four blockchain technology companies tapped by Banco Hipotecario de El Salvador, one of the country’s four state-owned banks, to help the El Salvador adapt bitcoin as a legal tender.
Read more: MetaMask Adds Custodians BitGo, Qredo, Cactus in Push for Institutional DeFi Users
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
Exodus joins stablecoin race with MoonPay-backed digital dollar
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
Cosa sapere:
- Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
- The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges.
- With the launch, Exodus joins a short list of public companies, including PayPal and Circle, backing stablecoin products.
Top Stories
