Tranched Completes $3.4 Million Financing, Led by Speedinvest

Odaily News Tranched, a blockchain-embedded asset financing platform headquartered in London, announced the completion of a $3.4 million financing, led by Speedinvest, with participation from startup accelerators a16z CSX, Blockwall, Kima and OVNI Capital. The specific valuation information has not been disclosed. Tranched aims to simplify the asset financing process through blockchain technology and eliminate the structural complexity and high fees involved in securitization. The new funds will support its business expansion from Europe to lenders, credit funds, asset management companies and banks.