JUST IN! Binance Labs Announces Investment in Solana (SOL) Based Platform!

Binance Labs, the venture capital and incubation arm of Binance, the world's largest cryptocurrency exchange, invested in Perena. Accordingly, Binance Labs has invested in Quine Co., the core contributor behind Perena, the first stablecoin infrastructure protocol on Solana. The platform allows users to mint stablecoins, gain exposure to tokenized RWA yield, and access custom risk-reward profiles through a tranched collateralized debt position (CDP) system. Binance Labs’ investment in Perena’s pre-seed round will help the team expand, grow its global community by engaging with developers and educators, and build a comprehensive stablecoin product suite on Solana. “Binance Labs is committed to providing ongoing support to early-stage projects that drive the growth of the Web3 ecosystem. We are excited to support Perena in the early stages of their journey and assist them in their mission to onboard the next wave of stablecoin users on Solana,” said Max Coniglio, Chief Investment Officer at Binance Labs. “We are extremely honored to have Binance Labs as our investor and partner. Their support for our mission to build a robust financial system on-chain brings us one step closer to realizing our vision of pushing the cutting edge of finance,” said Anna, Founder of Perena. https://twitter.com/BinanceLabs/status/1866845495257403596 *This is not investment advice. Continue Reading: JUST IN! Binance Labs Announces Investment in Solana (SOL) Based Platform!