Decentralized exchange Bonfida raises $4.5M in seed round led by CMS Holdings
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The decentralized, non-custodial exchange Bonfida has raised $4.5 million in a seed round, the team behind the project announced Tuesday.
The round was led by CMS Holdings with participation from Sino Global, Three Arrows Capital, Spartan Group and Genesis Block Ventures, among others.
Bonfida is built on top of the open-source Serum trading protocol and is powered by the Solana blockchain.
“Bonfida has built a full-featured exchange on top of the Serum protocol, helping it live up to the promise that decentralized exchanges can be as robust and powerful as their centralized counterparts,” said CMS Holdings co-founder and partner Bobby Cho.
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Saniya More (pronounced: Saan-ya Mo-ray) is a quadrilingual journalist at The Block. She got her master’s degree from the Columbia University Graduate School of Journalism and did her undergraduate degree at the S.I. Newhouse School of Public Communications, Syracuse University. Her work has appeared in CBS News, Bangkok Post, Thai Enquirer, Globalists, Byline Times and other publications. When she’s not chasing a story, you will most likely find her biking, tweeting, taking photos or creating Spotify playlists for every occasion.
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