Algorand
r/algorand
Just thought I would throw this out there. Approximately 1 hour ago, the SEC announced its suit against Coinbase for listing unregistered securities. However, on page 33 (item 114) $ALGO is not listed.
I know it says "not limited to", so obviously take this with a grain of salt. However, I believe it is worth mentioning since $ALGO was explicitly called out in the initial statements.
Short version: Kilde provides investors with access to private debt deals. In partnership with the Algorand Foundation, they are also working on SafeBay, a regulatory-compliant infrastructure that bridges off and on-chain fixed-income capital markets. Interestingly, Safebay is formed as a DAO, so there will be a token(sale). The launch is planned for Q3
Safebay pitch (Algorand APAC Accelerator) : https://youtu.be/CaraH7Vd6vI
Website: https://www.safebay.finance/
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Kilde provides accredited and institutional investors with access to meticulously evaluated private credit deals, offering the potential for annual returns of up to 13.5%. To date, Kilde investors have realised a yearly return of 11.9%, with a track record of 0.0% historic defaults. Investors can also take advantage of monthly coupons and have the flexibility of penalty-free early redemption every three months, ensuring a range of beneficial options.
The recently secured seed funding will enable Kilde to accelerate its growth trajectory and further develop its proprietary technology. With this capital injection, Kilde aims to enhance its platform's features, scale its operations, and expand its market reach. In addition, the investment round also empowers Kilde to drive the development of Kilde's newest flagship project SafeBay.
Radek Jezbera, CEO of Kilde, said:
"We are thrilled to have secured this seed round funding, which reflects the confidence of our investors in our vision and business model. To date, we have witnessed a surge in interest in private credit investments in 2023 from the family offices and HNWIs. Greater liquidity from investors allows us to focus on larger deals and negotiate better terms."
According to Prequin, private credit has grown in step with the expansion of private equity over the past decade. It offers a range of strategies and access points for investors of all types, with more than US$1 trillion in outstanding allocations as of April 2022.
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