Digital Finance Group raise 1.5 million USD for Ethereum Rivet

 Digital Finance Group (DFG), a global blockchain and cryptocurrency investment firm, announces a $1.5-million private funding round as the head investor for Rivet, an Ethereum infrastructure service built on open-source technology. The funding will be used to grow the Rivet team, develop its product, and enable it to provide more services for its users. 

In merely three years, Decentralized Finance (DeFi) protocols have locked in more than $95 billion in assets, signaling its massive potential for additional growth. The novel industry has already changed the paradigm, but to become the new standard in 21st-century global finance, DeFi projects must focus on laying a stable and secure foundation as much as they champion innovation and breakthrough tech. DFG spearheads the initiative to do so with its support for services like Rivet’s.

Rivet serves as a bridge toward web 3.0 and provides the infrastructure that developers need to leverage DeFi to a more advanced level. The emerging open-source service interacts with smart contracts on the Ethereum blockchain. The company offers a privacy-first node service, gathering minimal data without selling it or sharing it with third parties. Rivet delivers fast, accurate, and reliable connectivity to the Ethereum blockchain and provides developers with endpoints that consistently deliver high-end performance and stability.