beyond financeIndustry

Beyond Finance raises $7.5M, democratizes access to synthetic products

Beyond Finance, a decentralized platform for creating and trading synthetic financial products has announced a $7.5-million round of fundraising from leading blockchain funds, including Moonwhale Ventures, A195, DuckDAO, Cryptomeria Capital, Blocksync, X21 Digital, Rarestone Capital, Master Ventures, Consensus Capital, and more. The announcement comes after the company raised the funds simply by word of mouth over the past few weeks, without any advertising in the lead-up to its initial DEX offering scheduled for early April. 
Beyond Finance is building a robust decentralized platform and protocol dedicated to helping institutions, small and medium-sized enterprises, and individuals to create and trade synthetic products. Using Beyond Finance, users can use the company’s synthetic product trading platform to get access to a wide range of traditional assets — all in a transparent and decentralized user experience. Users will be able to access synthetic products by staking Beyond’s native token, BYN, investing directly in the assets, trading other synthetic assets, and loaning Ether (ETH) in exchange for synthetic tokens. 
Dorji Rabten, head of operations at Beyond, said: “We are excited to share our vision of creating an easy-to-use and democratized synthetic product ecosystem with some of the best investors in the industry. Currently, accessing synthetic products can be challenging, and many offerings have critical flaws that create trust issues within various ecosystems. Beyond is looking to solve this by offering the same institutional-grade solutions and access for everyone.” 
With a team comprising alumni from top companies, such as  Goldman Sachs, Barclays, Deutsche Bank, Franklin …
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