DeBank, a cryptocurrency wallet that tracks decentralized finance applications, recently closed a multimillion-dollar funding round. It was led by Sequoia China, a fintech venture capitalist. The defi wallet now has a valuation of more than $200 million.
Debank tweeted Tuesday about its newly acquired funds. The funding round also included strategic investments from several popular crypto companies, such as Coinbase Ventures and Crypto.com. It may be more difficult or impossible for the government, to enforce certain defi protocol bans, than centralized alternatives.
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