Maker Foundation Announces $27.5 Million MKR Sale, Expands DeFi to Asian Market

The Maker Foundation, the group behind the decentralized crypto platform MakerDAO, announced today that venture capital funds Dragonfly Capital Partners and Paradigm have acquired $27.5 million worth of MKR. This is approximately 5.5% of the total MKR supply.

As MKR token holders, both investment funds will actively participate in the decentralized governance of the Maker Protocol. This will also support Maker’s efforts to increase adoption in Asia of Dai, its decentralized stablecoin built on the blockchain. In addition, Maker will have direct access to both Dragonfly’s and Paradigm’s expertise in the Asian market, increasing the presence of decentralized finance (DeFi) throughout the region.

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