ZURICH, Switzerland—November 27, 2024—Margarita Finance, a Solana-based platform for structured funding merchandise, has raised $1 million in pre-seed funding to convey the $7 trillion structured merchandise market onchain. Notably, the funding spherical was led by early-stage enterprise corporations similar to Tomahawk VC and Outrun Ventures, alongside Swiss-based household workplace N & V Capital and market maker G-20 Group. Additionally, the corporate additionally acquired a grant from the Solana Basis.
Structured merchandise, historically hindered by excessive charges, sluggish settlements, and restrictive entry limitations, are poised for disruption by way of blockchain expertise. For context, Margarita Finance leverages Solana’s high-speed blockchain, sensible contracts, and oracles to streamline funding processes. Its flagship product, Yield Boosters, permits buyers to earn double-digit yields on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) with lock-up intervals starting from someday to 3 months.
“Our objective is to onboard the opposite 99% of worldwide potential buyers into onchain structured merchandise,” mentioned Benedikt Schuppli, co-founder of Margarita Finance. “Of the one billion potential buyers worldwide, solely 10 million at the moment use DeFi. By mixing the authorized enforceability of conventional finance (TradFi) with blockchain innovation, we goal to unlock alternatives for everybody.”
A New Strategy to DeFi Accessibility
DeFi (decentralized finance) is usually perceived as too complicated for mainstream customers. Considerably, Margarita Finance addresses this difficulty by prioritizing simplicity and person expertise. Accordingly, the platform’s real-time pricing and rapid execution guarantee accessibility whereas sustaining aggressive yields.
Cedric Waldburger, Basic Companion at Tomahawk VC, praised the initiative: “Margarita Finance is tackling considered one of crypto’s largest challenges: onboarding new customers. By specializing in usability and real-world wants like producing yield on Bitcoin, they’re driving the adoption of DeFi options.”
The platform, launched in 2024, builds on the experience of its creators, who beforehand developed Obligate, an onchain debt capital markets platform. Margarita Finance attracts inspiration from the tailor-made nature of cocktails, providing customizable funding choices aligned with customers’ yield objectives and danger preferences.
Market Potential and Future Targets
The structured merchandise market, estimated at $7 trillion, stays largely untouched by blockchain options. Curiously, Margarita Finance’s adoption of Solana’s infrastructure might scale back prices and inefficiencies, making the market accessible to retail buyers.
Moreover, Margarita Finance plans to broaden its product choices whereas educating customers about the advantages of onchain investments. In the meantime, the corporate’s partnership with the Solana Basis highlights its dedication to innovation and accessibility throughout the DeFi ecosystem.
About Margarita Finance
Based in 2024, Margarita Finance is a blockchain-based platform reimagining structured funding merchandise by bringing them natively onchain. It’s constructed on Solana and powered by Obligate tech. Margarita Finance combines blockchain’s pace and price effectivity with TradFi’s reliability to make structured merchandise accessible to a broader viewers.
