The Singapore-based firm, backed by the crypto funding companies Polychain and Dragonfly, says the brand new improve might meet rising curiosity amongst retail merchants in decentralized finance, or DeFi. The development accelerated after the collapse of Sam Bankman-Fried’s FTX alternate and Three Arrows Capital added a “sense of urgency to the necessity for transparency and retail person protections,” SynFutures stated in a press launch.
