Dubai, United Arab Emirates, Oct. 21, 2022 (GLOBE NEWSWIRE) — Global venture capital Web3 and one of the largest market makers, DWF Labs, has announced a strategic investment in the recent private funding round hosted by Precog.Finance which raised $3.5 million. DWF Labs joins a team of strategic advisors united to strengthen the Precog ecosystem, focusing on the value and utility of the PCOG token, the platform’s native digital asset.
DWF Labs is a global digital asset market leader and web3 multi-stage investment firm supporting projects ranging from market making to over-the-counter (OTC) trading solutions. DWF Labs consistently ranks among the top five trading entities by cryptocurrency volume thanks to its proprietary technology for high-frequency trading (HFT).
The market maker is always looking to invest and support bold and ambitious projects to build the future of Web3 by offering consulting, liquidity, cybersecurity solutions, smart contract audits, debt financing, management cash flow and connections with its vast network of partners.
“Our team is delighted with DWF’s investment. The fact that a leading global investment firm in this space has partnered with us shows a lot of confidence and value in our Sentient project and product,” said Gehan Rajapakse, CEO of Precog Finance. “Moving forward, it’s also a great indication that the industry is always reinvesting in real, promising projects and products like ours. This will eventually show that the market is about to turn and sentiment is returning, which is also a great signal.
Precog Finance is a new decentralized ecosystem that automates arbitrage trading between cryptocurrency pairs and futures. The new strategic partnership between DWF Labs and Precog Finance will see DWF Labs provide market making services for the PCOG token. In addition to market making, the partnership aims to help Precog Finance introduce additional listing opportunities and other investors while overseeing joint marketing efforts. DWF Labs collaborates with notable exchanges like Binance, FTX, ByBit, KuCoin, OKX, Gate, Crypto.com, Huobi and others.
About DWF Laboratories
DWF Labs is a global, multi-stage Web3 investor with offices in Singapore, Switzerland, the United Arab Emirates and the British Virgin Islands, expanding globally. The Company provides market making services, secondary market investments, seed investments and over-the-counter (OTC) trading services for web3 businesses, as well as token listing and advisory services. DWF Labs is part of Digital Wave Finance (DWF), one of the world’s leading cryptocurrency traders, trading spot and derivatives on over 40 major exchanges. It also seeks to invest and support bold founders who want to build the future of the web. For more information, visit www.dwf-labs.com.
Precog is a DeFi ecosystem that automates trading between current crypto pairs and futures. The platform is a sophisticated trading solution that allows users to invest in crypto futures using different digital assets. Precog connects to several centralized and decentralized crypto exchanges and allows its users to take advantage of price irregularities in the crypto market.
Disclaimer: There is no offer to sell, no solicitation of an offer to buy, and no recommendation of security or any other product or service in this article. This is not investment advice. Please do your own research.
Contact person: Simon Moser
Email: [email protected]
Location: Dubai, United Arab Emirates
Company: DWF Labs