Putting Crypto To Work For High Growth Companies With MoHash
— Liquidity, Says shailesh lakhani, High, Specific corporate demographic, Arun devarajan, Devarajan explains, Without risk, Uncorrelated, First cut, First problem — 1 min read
MoHash has closed a $6 million seed funding round led by Quona and Sequoia Capital India. It will take stablecoin deposits from investors and lend them out to high-growth businesses in developing economies. Devarajan says the platform can generate yields of between 6-10% a year for investors while providing the capital that developing economy businesses require to flourish. He thinks he can raise as much as $10 billion from a broad range of investors attracted to the idea of using digital currency to secure exposure to real-world assets. MoHash isn’t targeting the retail market, at least initially. Rather it will aim to raise money from institutional investors such as family offices and wealth funds. It is not without risk itself. Source