UAE Cypher Capital funds Native, a DEX layer for Web3 applications for expansion in MENA

 

 

DEX ( decentralized exchange) layer for retail Web3 applications has partnered and received funding from UAE based Cypher Capital VC fund to grow Native’s financial Web3 offering in the MENA region.

Native offers a game-changing solution that transforms exchanges into an integrated feature. With Native, any application can swiftly transform itself into a fully functioning exchange, seamlessly integrating top-tier liquidity providers and generating substantial trading fees.

This strategic partnership will provide Native with the necessary resources to advance its product development efforts, placing a strong emphasis on flexibility, modularity, and interoperability.

Bill Qian, Chairman of Cypher Capital, expressed his enthusiasm for the partnership, stating, “We are delighted to invest in Native, an innovative financial infrastructure layer. Native’s exceptional capability to empower applications to establish their own exchanges in minutes, seamlessly integrate top-tier liquidity providers, and generate trading fees is truly remarkable. This strategic partnership and funding agreement will further bolster Native’s product development, with a strong focus on flexibility, modularity, and interoperability. By providing projects with complete control over their swap experience, from the user interface to the pricing model, Native simplifies the complexity of underlying smart contracts and APIs. The result is an elevated user experience, increased capital efficiency, deeper liquidity, and a significant new revenue stream for applications. We firmly believe in Native’s vision and are excited to embark on this transformative journey together.”

Meina Zhou, Cofounder of Native, commented “We are thrilled to announce that Cypher Capital has invested in Native. This strategic investment will provide us with the necessary resources to advance our product development and expand our platform’s reach in the MENA region. Cypher Capital’s investment is a major step forward in realizing Native’s overall vision of building crypto’s modular DEX infrastructure. It also aligns with NativeX’s aspirations to establish itself as the leading DEX for Altcoins across DeFi. We look forward to the exciting opportunities that lie ahead as we revolutionize the world of DeFi.”