Zest Protocol Secured $3.5M Funding From Tim Draper for On-Chain Bitcoin Lending

The post Zest Protocol Secured $3.5M Funding From Tim Draper for On-Chain Bitcoin Lending appeared first on Coinpedia Fintech News

Zest Protocol, a pioneering Bitcoin lending startup, has successfully raised $3.5 million in funding led by renowned investor Tim Draper. This funding round, which included participation from key investors such as Binance Labs, Flow Traders, and Trust Machines, highlights a growing interest in crypto lending despite regulatory challenges from the U.S. Securities and Exchange Commission (SEC).

Zest Protocol, a startup with a small team of six, has successfully raised $3.5 million in funding, with Tim Draper’s Draper Associates leading the investment round. The investment will support Zest’s mission to empower Bitcoin (BTC) holders by allowing them to leverage their assets on-chain to generate yield. 

Zest Protocol raises $3.5m Seed round to redefine Bitcoin lending

Led by @drapervc, with participation from @BinanceLabs, @FlowTraders, @trustmachinesco, @goasymmetric and more