SINGAPORE--(BUSINESS WIRE)--#AssetToken--ELYSIA, a decentralized project linking the two finances of real and virtual assets, is delighted to announce that it has raised a strategic investment (USD 1 million) from FBG Capital, the largest venture capital in Asia. The ELYSIA Foundation plans to utilize FBG Capital's network to preoccupy the global market and accelerate technological advancement through this investment. It is expected to serve as a bridgehead for entering the global market in earnest.
ELYSIA is a project that tokenizes real assets. ELYSIA is a protocol that makes real assets into asset tokens (NFTs) to be used on-chain, and the asset tokens created in this way can be used in ELYSIA’s DeFi, ELYFI. ELYFI is the first DeFi project to utilize real assets brought on-chain through the ELYSIA protocol. Participants in the ELYFI Protocol can obtain investment returns by supplying liquidity to the money pool or can borrow liquidity using asset tokens as collateral and can contribute to the protocol's stability and development through governance participation and staking.
About FBG Capital
FBG Capital, established in September 2015, is China's first cryptocurrency hedge fund and venture capital firm. It is a Beijing-based digital asset management firm, Asia's largest venture capital firm. Since its establishment, FBG Capital has invested in more than 80 blockchain projects and participated in ICOs of about 40 projects with great success. In particular, FBG Capital has experience leading projects to success by investing in the early stages of global projects such as Terra, MakerDAO, Polkadot, Omisego, and FTX.
ELYSIA PLATFORM PTE. LTD.
Yoon Kim (CMO)