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Home›Crypto›Market Structure›SBI Holdings backs Gauntlet with $125 million Series C

SBI Holdings backs Gauntlet with $125 million Series C

The Block says founder Tarun Chitra expects tokenization and vaults to outpace stablecoin growth in the coming years.

Reported · Written up by our desk · Market Structure

The Block reports that Tarun Chitra’s Gauntlet raised a $125 million Series C funding round with sole investor SBI Holdings.

Chitra said he expects tokenization and vaults to grow the DeFi market faster than overall stablecoin growth over the next few years.

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Sources

The BlockTarun Chitra’s Gauntlet raises $125 million Series C from sole investor SBI Holdings

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