Network defi westcap cdpq 3b

network defi westcap cdpq 3b

Laurence A. Tosi, Founder and Managing Partner at WestCap.

Since its inception back in 2017, Celsius has grown its business and has more than 1 million active customers using its platform, with a total of $25 billion in total assets transacted. The boost from investors is billed to aid the company’s diversification from its core lending products that offer 17% on deposits to its “discretionary trading” of cryptocurrencies, including “speculative trades” on price movements.

Regulators Says Lending is Security

Cutting across both federal and regional regulators and watchdogs in the U.S. are increasingly warning against crypto platforms whose offer lending products, which they suggest these products are closely related to security offerings.


HOBOKEN, N.J., Oct. 12, 2021 /PRNewswire/ — Celsius Network, the leading global cryptocurrency earning and borrowing platform, today announced a US $400 million investment led by WestCap, a growth equity firm, and Caisse de dépôt et placement du Québec (CDPQ), a global investment group. The transaction will reflect a valuation of more than US $3 billion for Celsius.

Celsius intends to use the proceeds from this investment to continue expanding its offering and products, as well as building bridges between the traditional finance and cryptocurrencies, with specific emphasis on launching institutional grade products and offerings.

The fund’s October 2021 investment in the Celsius Network, however, has many raising their eyebrows.

In October of 2021, the CDPQ announced that they were leading a $400 million investment (along with WestCap) in the Celsius Network, which is billed as “the leading global cryptocurrency earning and borrowing platform”.

The investment valued Celsius at “more than US $3 billion”.

More on Celsius:

“Celsius helps hundreds of thousands of consumers worldwide to find the path towards financial independence through a compounding yield service and instant low-cost loans accessible via a web and mobile app”.

Earlier this week, the Celsius Network announced that they were “pausing all withdrawls, Swap and transfers between accounts”:

[email protected] is pausing all withdrawals, Swap, and transfers between accounts.

Celsius Network est une plateforme qui propose du financement à des personnes qui ont des actifs numériques. Cela fonctionne un peu comme une banque », a-t-il expliqué au sujet du fonctionnement de la plateforme.

On comprend ainsi que ce sont les personnes qui effectuent des transactions reliées à des actifs numériques (achats ou ventes), qui assument la presque totalité des risques reliés à la forte volatilité des cryptomonnaies. L’investissement de la CDPQ ne semble concerner que le développement de la plateforme Celsius Network.

Manque de règlementation

Par ailleurs, l’absence d’un cadre législatif universel pour les actifs numériques pourrait représenter un problème pour les spéculateurs québécois.
« La réglementation est un vrai défi pour les gouvernements dans ce marché, car il est mondial. », a déclaré le président de Catallaxy.

Celsius is committed to working constructively with regulators to better understand the dynamic crypto space, protect retail customers from fraud and undue risk, and create general consumer knowledge to allow for thoughtful investment decisions.”

“Blockchain technology has the potential to disrupt several sectors of the traditional economy. As digital assets grow in adoption, we intend to capture the right opportunities, while working with our partners towards a regulated industry,” said Alexandre Synnett, Executive Vice-President and Chief Technology Officer at CDPQ. “Celsius is the world’s leading crypto lender with a strong management team that puts transparency and customer protection at the core of their operations.

Tosi, who, together with the WestCap team, has founded, capitalized, and operated tech-enabled, asset-light marketplaces for over 20 years. With over $5 billion of assets under management and committed capital, WestCap has made notable investments in technology businesses such as Airbnb, StubHub, Klarna, iPreo, Skillz, Sonder, Addepar, Hopper, iCapital and Bolt. For more information about WestCap, visit www.WestCap.com.

About Caisse de dépôt et placement du Québec (CDPQ)

Caisse de dépôt et placement du Québec (CDPQ) invests constructively to generate sustainable returns over the long term.

As a global investment group managing funds for public retirement and insurance plans, CDPQ works alongside its partners to build enterprises that drive performance and progress.

Dans un communiqué de presse, la plateforme mondiale d’intérêt et de prêt de cryptomonnaies, Celsius Network a annoncé mardi matin un investissement de 400 M$ mené par WestCap et la CDPQ.

L’entreprise américaine souhaite utiliser les fonds octroyés dans le cadre de la transaction pour continuer d’élargir son offre et sa gamme de produits, et pour créer entre la finance traditionnelle et les cryptomonnaies, en mettant l’accent sur le lancement de produits et d’offres de qualité institutionnelle.

Ce choix d’investissement de la part de la Caisse serait « judicieux », car ce type de produits est amené à prendre la valeur. C’est l’argument avancé par Louis Roy, président de Catallaxy, filiale de Raymond Chabot Grant Thornton et leader en technologie blockchain. « Il faut être très prudent lorsque l’on parle de ce genre d’investissements.

Zobaczmy jak zmieniały się kursy kilku wybranych kryptowalut. Być może zainteresuje Cię jakie wydarzenia miały miejsce na rynku kryptowalut. Specjalnie dla Was stworzyliśmy krótkie podsumowanie ostatnich zdarzeń związanych z tym tematem.
Spójrzmy więc jak prezentują się notowania kryptowalut: TerraClassic USD, Mina Protocol oraz Celsius Network.
Ranking brokerów Forex. Broker Forex – zobaczy, jakiego brokera wybrać w sierpniu 2022! Najlepszy broker Forex w zestawieniu FXMAG —Ranking kantorów internetowych. Kantory internetowe – zobacz jaki kantor internetowy wybrać w sierpniu 2022 – Najlepszy kantor internetowy w zestawieniu FXMAG —Ranking giełd kryptowalut.

Kentucky-based digital asset lending platform Celsius Network has announced its latest $400 million fundraisers as investors shun the firm’s uncertain regulatory cloud.

The Big Name Backing

According to the Celsius announcement, this funding round is led by WestCap, a growth equity firm, and Caisse de dépôt et placement du Québec (CDPQ), a global investment group. The valuation of Celsius is now placed at $3 billion following the funding round and effectively places it amongst the elite crypto unicorns.

“We are pleased by the response we received from many leading financial investors during this fundraise.

Zerknijmy jak dziś prezentują się kursy kilku wybranych walut cyfrowych. Z pewnością zainteresuje Was co dzieję się na rynku kryptowalut. Specjalnie dla Was mamy przygotowane krótkie podsumowanie ważnych wiadomości powiązanych z tą właśnie tematyką.

Sprawdzamy jak prezentują się kursy kryptowalut: TerraClassic USD, Celsius Network i Mina Protocol.Ranking brokerów Forex. Broker Forex – zobaczy, jakiego brokera wybrać w sierpniu 2022! Najlepszy broker Forex w zestawieniu FXMAG —Ranking kantorów internetowych. Kantory internetowe – zobacz jaki kantor internetowy wybrać w sierpniu 2022 – Najlepszy kantor internetowy w zestawieniu FXMAG —Ranking giełd kryptowalut.

Leave a Reply

Your email address will not be published.