Rikkei Finance Receives Backing from PNYX Ventures

Rikkei Finance is pleased to announce that PNYX Ventures, a renowned venture fund investing in early-stage projects, has made a strategic investment in our project. PNYX Ventures are known for driving project teams through blockchain capital markets towards a Web3 future.

Providing solutions for the four major limitations of the current DeFi space — cross-chain, interest rate model, asset collateral, and liquidation coverage, Rikkei Finance wants to revolutionize the DeFi operations and enhance the DeFi user experience.

“Rikkei Finance is a project that is full of potential. The project prioritises the importance of reducing users’ risk profiles whilst optimising sustainable investment returns with their 4 key competitive advantages. I was definitely amazed by the fact that they can implement improved cross-chain technologies, an effective lending interest rate model, innovative NFT collateralized loans, and the first-ever liquidation coverage. Containing outstanding features, the RiFi project promisingly revolutionizes the P2P lending protocol.”

As Rikkei Finance continues on its mission of becoming the ultimate lending solution that is scalable, user-friendly, and prioritizes sustainability, this strategic investment will significantly support the early-stage development of the project, along with marketing and further development initiatives.

PNYX Ventures is a digital asset management firm specializing in blockchain capital markets. PNYX has doubled down on its investment into the Polkadot/Substrate ecosystem, supporting a handful of selected projects such as ours as one of the few (but pioneering) funds specifically focussed on Polkadot.

Rikkei Finance is a decentralized revolutionary DeFi protocol developed to offer solutions for four major DeFi limitations. Rikkei Finance is a unique Open Lending System with core features: Cross-chain support, NFTs collateralization, and Insurance.

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