Blueberry Protocol a decentralized prime brokerage terminal secures 25M in funding
Blueberry Protocol, a decentralized prime brokerage terminal, has secured $2.5 million in Series A funding with White Star Capital leading the investment round. Other participants include Varys Capital, SNZ Capital, Alchemix DAO, Aquanow, members of Dewhales, members of DCD, GateCap Ventures, Nayt Trading, and MonkeVentures. The Panama City-based startup aims to revolutionize the DeFi landscape by providing decentralized access to generalized leverage for DeFi on Ethereum. This protocol offers enhanced opportunities through advanced risk management and higher leverage compared to traditional prime brokerage services. By integrating transparent risk management tools with a sophisticated leverage framework, the protocol seeks to expand accessibility, boost capital efficiency, and improve profitability for a wide variety of DeFi users. The recent approval of Ethereum ETFs has sparked renewed interest in the space from traditional finance, positioning Blueberry to lead this new wave of institutional DeFi adoption. As institutional participation increases, flexible prime brokerage services become crucial for enabling secure and efficient trading, providing liquidity, and managing portfolios in the crypto market. Blueberry Protocol caters to both conservative whales and high-stakes degens. The funding will be used for team expansion and increased security budget, ensuring that Blueberry Protocol can continue to develop and innovate its platform while maintaining the highest security standards. The company also plans to offer early access to its native BLB tokens via Fjord Foundry and PancakeSwap events. These events are crucial milestones in decentralizing the Blueberry protocol and fostering a strong, active community.
