As a seasoned crypto investor with over a decade of experience navigating the turbulent waters of the digital asset market, I can confidently say that Fountain’s recent announcement has piqued my interest. Having witnessed the evolution of DeFi and its challenges firsthand, it’s refreshing to see a solution like Fountain emerge.
NEW YORK – SEPTEMBER 10TH, 2024
Today, it was announced that Fountain successfully secured $3.5 million during a seed funding round. The company aims to construct a novel operating system for the Web3 platform, which is intended to foster widespread institutional acceptance by offering tools to secure digital assets and streamline DeFi processes. At present, Fountain operates in private beta and has already gained traction among some of the leading market makers and hedge funds within the industry.
After completing his graduation from Alliance, the leading crypto incubator, Fountain has reached another significant stage. This development is supported by investments from various entities including Foundation Capital, Caladan, Primal Capital, Druid Ventures, United Overseas Bank (UOB), MHC, NGC Ventures, Marin Ventures, Blockchain Founders Fund, and angel investors like Rene Reinsberg, Co-Founder and President of Celo, and Nathan McCauley, Co-Founder and CEO of Anchorage Digital.
Established in 2022, Fountain boasts a management team that collectively has over 20 years of expertise in DeFi and AI. Morgan Lai, who serves as both CEO and Founder, is also the General Partner at Formulate Ventures and a previous Partner at Foundation Capital. Since 2018, Lai has been an active investor in the low-code/no-code sector, with several companies within Formulate Ventures’ portfolio.
First no-code automation builder for Web3, operationalizing all DeFi workflows instantly
As an analyst, I’ve observed that the Decentralized Finance (DeFi) landscape is constantly evolving, yet it encounters various hurdles along the way. As on-chain operations strive to match their centralized counterparts, it’s evident that robust management tools are essential for seamless operation. Recognizing this need, Fountain’s platform has been crafted to tackle these challenges, providing potent building blocks to expedite DeFi adoption and natively integrate global financial systems onto the blockchain: a significant step towards realizing the full potential of decentralized finance.
- Smart wallets – Fountain builds upon battle-tested and fully modular smart wallets that enable secure self-custody of assets through a multi-signature approval process.
- Policy engine – Easily delegate, manage, and track team member activity with custom policies, allowing full flexibility to define access controls and strictly enforce permissions.
- Automation builder – Fountain is the first in the market to offer a no-code automation solution for the Web3 industry, unlocking new levels of customization for both non-technical users and developers. The platform enables companies to seamlessly manage and automate treasury, risk management, and trading operations, making it easier for large institutions to adopt more complex strategies and take on riskier positions.
Unlocking institutional capital to efficiently and securely operate on-chain
A significant increase in investment from institutional sources and widespread use of cryptocurrency has sparked a dramatic rise in interest for all Decentralized Finance (DeFi) platforms. Yet, for investors accustomed to traditional finance methods, the DeFi terrain can pose various hurdles, such as security concerns and vulnerability to market fluctuations.
Speaking about John Gu, CEO of Caladan, he pointed out that as the digital currency marketplace evolves, there is an increasing requirement for companies that can connect the established financial system with this emerging landscape. Fountain steps into this role by creating customized solutions designed to cater to the specific demands of institutional clients. The team’s extensive experience in DeFi, trading, and AI will open up a broader range of market capabilities.
According to Morgan Lai, CEO and founder of Fountain, there’s a significant change happening in how operations are being conducted, transitioning from centralized services to Decentralized Exchanges (DeXs) and on-chain infrastructure. As they foresee the next phase of cryptocurrency acceptance coming from businesses and institutions, Fountain is working on developing the future generation of middleware platforms. These platforms will help organizations securely operate on-chain. Cryptocurrencies are known for their instability; under varying market conditions, it’s essential for organizations to continuously adjust factors like collateral requirements and liquidation ratios to protect their assets.
As a researcher delving into the realm of Decentralized Finance (DeFi), I am acutely aware that its future hinges on sophisticated tools that empower institutions to seize growth prospects, all while adhering to stringent practices to minimize risks inherent in cutting-edge technologies. In this dynamic and rapidly shifting terrain, Fountain is playing a pivotal role by fostering innovation and establishing itself as the preeminent provider of enterprise solutions within the Web3 sector, accelerating growth and shaping the industry’s trajectory.
Sign Up for Private Beta
As a researcher, I’m excited to announce that we are currently running an exclusive private beta program, collaborating with some of the titans in the hedge fund and market maker sector. Our mission is to offer personalized, white-glove service to our esteemed clients, ensuring their systems and workflows are seamlessly set up from start to finish. Don’t miss out on this opportunity – sign up today for early access!
We’re Hiring
We are looking for exceptional talents to join our team. See more here.
About Fountain
In simple terms, Fountain is a New York City-based startup at the seed stage, developing the initial version of an operating system for web 3.0. This innovative system is designed for businesses and institutions to enhance security, administration, and automation of blockchain-based workflows.
For more information, visit www.fountainplatform.com
Contact:
CEO/Founder: Morgan Lai, m@fountainplatform.com
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2024-09-10 17:06