The post Monitok, a Hybrid Exchange, Secures €420,000 in Pre-Seed Funding appeared first on Coinpedia Fintech News
[Vilnius, July 30th, 2024] – Monitok, the innovative hybrid exchange platform, recently announced the successful closing of its pre-seed funding round, securing €420,000 ($450,000) from a significant Asian investment firm. This investment elevates Monitok’s valuation to €10.5 million, marking a pivotal step in the company’s journey towards revolutionizing the digital asset exchange landscape.
The funds raised during this pre-seed round will be instrumental in furthering the development of Monitok’s platform. Previously, Monitok had successfully raised €900,000 ($950,000) through a Friends and Family (FnF) round, which facilitated the initial product build and market pivot.
Investing in the future of DeFi
The latest investment underscores the strong confidence and interest in Monitok’s vision and potential, and signifies a robust backing from the Asian market, providing Monitok with both financial support and strategic insights.
Founder Eimantas Barauskas commented: “This is a clear sign of the potential we believe our project has. Our platform is going live very soon and this pre-seed investment will give us the much-needed push to onboard users and start scaling globally! We are grateful for the continued support of everyone who shares our vision for the future of decentralized finance.”
About Monitok
Monitok is a pioneering hybrid exchange platform designed to offer the best of both centralized and decentralized exchanges. Committed to providing secure, efficient, and user-friendly trading experiences, Monitok aims to set new industry standards and drive the future of digital asset exchanges.
What’s next
With the pre-seed funding in place, Monitok is gearing up for its next investment phase. The forthcoming seed round will focus on product scaling and expanding the user base, ensuring the platform can handle increased activity and continue to innovate. Monitok is preparing to unveil more activities and features, aligning with its goal of becoming a leading hybrid exchange platform.
For more information, please visit Monitok’s website or contact info@monitok.io
