Stock Groups

NFT-collateralized loan platform Arcade raises $15M in funding round -Breaking


Arcade is a platform which allows users to use nonfungible tokens as collateral for loans. Pantera Capital participated in the Series A round of funding.

Arcade will announce Wednesday’s announcement Pantera and Castle Island Ventures, Franklin Templeton Blockchain Fund and Golden Tree Asset Management were all behind this investment. NFT-collateralized lendingWith the decentralized financing space. A private release secured $3.3 million of total loan volume on assets totaling $10 million is available for the platform.