Cega Raises $4.3M in Seed Funding

cega finance

Cega Finance, Singapore-based decentralized finance (“DeFi”) exotic structured products protocol, raised $4.3M in seed funding.

Dragonfly Capital Partners led the round with participation from Pantera Capital and Coinbase Ventures as well as Solana Ventures, Alameda Research and Solana Ventures.

The funds will be used to accelerate the development of Cega’s technology as well as to create a community focused on expanding product offerings, calibrating statistical models, and educating users about DeFi and derivatives.

Cega’s CEO Arisa Toyosaki is leading the development of DeFi derivatives. Cega brings crypto exotic derivative capabilities. The company’s product is a decentralized application built on Solana that combines basic options (e.g. The company’s product is a decentralized application built on Solana that combines basic options (e.g., call/put) and advanced options characteristics to create packaged offerings. Fixed coupon notes are the company’s first exotic options product. This is a combination of put and call with knockout and knock-in barriers.

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