Liquity secures $2.4M in seed funding to further develop lending protocol

Ethereum-based lending protocol Liquity has raised $2.4 million in seed funding in a round led by cryptocurrency investment firm Polychain Capital, according to a company announcement. The seed funding, which included investments from a_capital, Lemniscap and 1kx, will be used to support further development of the protocol as well as to grow the company team. (The Block)

SwissTaxExpert has supported the funding round from a Swiss tax perspective, including direct taxes, stamp duties and VAT. We congratulate Liquity to the fund raising and are looking forward to continue working with them.

SwissTaxExpert is a Swiss boutique tax advisory firm led by Silvan Amberg. We focus on tax advice for Blockchain Companies, Financial Service Providers and M&A.