DeFi infrastructure provider Qredo raises $80 million at $460 million valuation

Decentralized finance (DeFi) infrastructure company Qredo has raised $80 million in an oversubscribed Series A round led by 10T Holdings, the crypto investment firm of hedge fund manager Dan Tapiero, at a $460 million valuation.

The funding round included $60 million of primary capital and $20 million from secondary investors. The funds will help fuel growth, which includes potential acquisitions, further development of retail investor offerings and geographic expansion.