Pell Network Completes $3.5 Million Funding Round to Advance Bitcoin-Based DeFi Infrastructure

COINOTAG News reported on January 29th that the Pell Network, a Bitcoin-based rehypothecation platform, has successfully secured $3.5 million in a recent strategic funding round. The funding was spearheaded by prominent investors including D11-Labs, Web3Port Foundation, ArkStream Capital, Taisu Ventures, Core Ventures, GoPlus Security, Astrarizon Ventures, and Multiversᕽ. This infusion of capital is earmarked for advancing the development of AI-driven decentralized finance (DeFAI) full-chain infrastructure, aimed at tackling the intricate challenges of cross-chain operations. Additionally, the funding will enhance capabilities in data acquisition and validation, which are crucial for optimizing the performance of current AI agents, while also fortifying security in multi-chain interactions.