EXCLUSIVE: Trust Machines backs bitcoin decentralized exchange Alex
The strategic round was backed by Trust Machines, Gossamer Capital and other investors, the company said in a release. Alexa $5.8 million seed round in 2021, which was led by White Star Capital. Other backers included Cultur3 and SeaX.
said. “The Alex team has been leading the movement towards Bitcoin DeFi, and I believe they are best positioned to capture the recent attention and introduce new users to the Bitcoin economy.”The startup is co-founded by two former Wall Street quants, Chiente Hsu and Rachel Yu. Female-founded teams remain a rarity in the tech industry, let alone in crypto. Last year, U.S. startups with all-women teams received only 1.9% of the $238.
"Bitcoin is singular in its decentralization and immutability; its performance history, network uptime, market cap and recognition as a store of value are unmatched," the company said."With over $0.5T in potential capital to deploy in Bitcoin DeFi apps, achieving mass adoption by building fairer, more secure, and more efficient financial services can be done through Bitcoin."
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