Corporate information
Company type
Interoperable protocol built to facilitate the creation of next-gen financial products.Overview
Persistence is an interoperable protocol built to facilitate the creation of next-gen financial products. The Persistence tech stack provides the infrastructure to effectively bridge the realms of DeFi and traditional finance in a variety of areas, whilst also enabling the creation of innovative crypto-facing solutions to expand the DeFi and NFT sectors. The Internet disintermediated the Media & Communications industry. Using HTTP, SMTP and TCP/IP as the foundational layers, the cost of information exchange was significantly lowered. Persistence is leveraging blockchain technology to facilitate seamless asset exchange. Using Web 3.0 protocols, Persistence aims to enable and create a suite of bleeding edge financial products in niches ranging from staking-as-a-service and tokenized real-world debt to digital art.
Funding rounds
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
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NGC Ventures | Venture capital firm focused on investing in blockchain industry. | Initial investment. |
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
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Woodstock Fund | Emerging technology fund investing in early and growth stage distributed ledger technology (DLT) startups and companies. | Initial investment. |
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
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Arrington XRP Capital Fund LP | USD 100 million cryptocurrency hedge fund denominated in XRP, the digital currency developed by enterprise blockchain global payments company Ripple. | Initial investment. |
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
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AU21 Capital | Blockchain focused venture capital fund. | Initial investment. |
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
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Spark Digital Capital | Research focused crypto fund that invests in the future of blockchain and tech. | Initial investment. |