Buy CryptoMarketsSpotFuturesGOLDEarnEvent Centre
More
Gold vs Crypto
Axis raises $5M for on-chain yield protocol, led by Galaxy Ventures with influential investors.Axis raises $5M for on-chain yield protocol, led by Galaxy Ventures with influential investors.

Axis Secures $5 Million from Galaxy Ventures

Author: coinlineup
Source: coinlineup
2025/12/04 00:45
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
Axis Secures $5 Million from Galaxy Ventures
Key Takeaways:
  • Funding round led by Galaxy Ventures with strong support.
  • Oversubscribed, indicating high investor interest.
  • Plans to incorporate diversified asset yields.

Axis secured $5 million in funding led by Galaxy Ventures to advance its on-chain yield protocol. The funding will support USD and Bitcoin yield products, with future gold assets planned, demonstrating strong investor confidence and market interest.

Axis completed a successful $5 million funding round aimed at scaling its innovative on-chain yield protocol. Galaxy Ventures led the investment, with high participation from notable financial players, underscoring the protocol’s appeal.

The protocol will initially focus on USD and Bitcoin assets, backed by prominent investors like OKX Ventures and FalconX. The team’s expertise and delta-neutral framework were praised by Will Nuelle, emphasizing a secure approach to yield generation.

Axis’s $100 million capital deployment during its closed beta phase showcased promising results, achieving strong risk-adjusted returns. This indicates a positive trajectory for its main product, USDx.

Axis aims to operate on the Plasma blockchain, supported by Bitfinex, to enhance cost efficiencies and integrate high-level security measures such as Chainlink proof-of-reserve and Veda custody.

The ongoing institutional interest and significant funding reflect Axis’s potential to transform the yield protocol space. The participation of industry leaders signifies trust in Axis’s strategy and suggests a trend towards diversified, blockchain-based asset management.

With the integration of diverse assets like Bitcoin and potential gold-backed instruments, Axis’s approach mirrors the evolving landscape where DeFi meets traditional finance principles. Such developments indicate Axis is well-placed to leverage institutional demands and broaden multi-chain asset offering frameworks.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

The post Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now? appeared on BitcoinEthereumNews.com. On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. PGTAX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance. Objective We note that PGTAX is a Sector – Tech option, and this area is loaded with many options. Found in a wide number of industries such as semiconductors, software, internet, and networking, tech companies are everywhere. Thus, Sector – Tech mutual funds that invest in technology let investors own a stake in a notoriously volatile sector, but with a much more diversified approach. History of fund/manager Putnam Funds is based in Canton, MA, and is the manager of PGTAX. The Putnam Global Technology A made its debut in January of 2009 and PGTAX has managed to accumulate roughly $650.01 million in assets, as of the most recently available information. The fund is currently managed by Di Yao who has been in charge of the fund since December of 2012. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. PGTAX has a 5-year annualized total return of 14.46%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.02%, which places it in the middle third during this time-frame. It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund’s performance, it…
Share
BitcoinEthereumNews2025/09/18 04:05
The firm whose AI paper knocked the whole market is out with another big call

The firm whose AI paper knocked the whole market is out with another big call

The post The firm whose AI paper knocked the whole market is out with another big call appeared on BitcoinEthereumNews.com. A trader works on the floor at the New
Share
BitcoinEthereumNews2026/03/26 00:58
Sam Altman Unveils $1 Billion AI Plan Targeting Disease Cures

Sam Altman Unveils $1 Billion AI Plan Targeting Disease Cures

The post Sam Altman Unveils $1 Billion AI Plan Targeting Disease Cures appeared on BitcoinEthereumNews.com. Sam Altman announced a $1 billion investment plan through
Share
BitcoinEthereumNews2026/03/26 00:50