SALT Raised $65 Million to Move on
SALT is a company who is active in the crypto lending sector, giving loans on cryptos, usually with some collateral in the same cryptos. The company has halted operations after the FTX collapse.
The reason was that many of the platform’s assets and some of the collaterals were placed in the linked platforms with FTX, like BlockFi. When there was fuss in the market, Bnk To The Future tried to acquire SALT, but the conversations led to a dead end.
Now, a new funding round was announced at $65 million that will ensure the platform will keep operating smoothly for the next period. This shows that investors have not lose faith in the ecosystem and new opportunities will come up in the future.
And more and more are coming….