Fixed Interest Rates to Create DeFi 2.0 for Institutions, Says Former Bank Manager

In its latest seed funding, Infinity Exchange investors have united behind the need for safer institutional investing. New

Infinity Exchange, a new platform delivering institutional-grade capital efficiency in decentralized finance (DeFi), has announced a $4.2 million funding round in an effort to drive institutional adoption of DeFi.

Infinity Exchange is led by former Morgan Stanley executive Kevin Lepsoe, who left the world of traditional finance to focus on the opportunities available to investors through DeFi.

However, the founder says institutional investment is key to providing a solid economic foundation for the next iteration of DeFi 2.0.

According to Lepsoe, with access to a suite of full-rate products, with fixed to variable rates, there will be more secure opportunities for institutional investors and rate equality for individuals.

"The beauty now is that individual investors will have the comfort of knowing that they have access to the same markets as institutional investors, and it doesn't matter if they lend or borrow $100 million or $10 million."

Lepsoe points out that a major downfall of the current DeFi 1.0 space is the disconnect between floating rate and fixed rate markets. In such cases, like the current DeFi setup, capital cannot flow easily, preventing markets from working in union with each other.

Funds obtained in the last round will go towards the development of Infinity's product offerings, including fixed and floating rate markets, as well as futures and spot markets, among others.

Related: Crypt's Correlation with Traditional Finance Could Soon Lead to More Bleeding

In