Decentralized exchange’s foundation raises $100 mln from institutional investors

NEW YORK, Jan 7 (Reuters) – The Incentive Ecosystem Foundation (IEF) said on Friday it has raised $100 million for Serum, a decentralized exchange and platform, to help expand its network and position it as a core liquidity infrastructure provider.As a decentralized exchange, Serum provides the underlying liquidity infrastructure for applications built on the Solana blockchain. IEF, meanwhile, supports development and applications on Serum.A decentralized exchange, or DEX, is a peer-to-peer marketplace where transactions occur directly between crypto traders. Financial transactions on these exchanges are not supervised or managed by banks, brokers, or any intermediary. Instead it relies on self-executing …
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