Composable Finance has secured funding from several blockchain investment firms as it seeks to foster greater interoperability in the emerging decentralized finance market.
Composable Finance, a DeFi interoperability protocol has announced a $7 million raise backed by 16 notable blockchain investment firms.According to a release issued on Tuesday, the funding round was led by Advanced Blockchain AG and Rarestone Capital. Other participants included Alameda Research, Spartan Group, Divergence Ventures, and Blockchain Capital, among others.Composable Finance is seeking to enhance DeFi synchronicity via a two-pronged approach to interoperability on both Ethereum (ETH) and Polkadot (DOT) with the latter forming a basis for further cross-chain interactions.According to Cosmin Grigore, CEO of Composable Finance, blockchain interoperability will push the emerging technology into “a new world of possibilities.”Given the asynchro
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