France
Narval, founded in 2022 and headquartered in France, serves as a pivotal player in the Web3 industry. The company has crafted a platform described as The Gateway for Institutional DeFi, aiming to bridge institutional finance with decentralized finance (DeFi) opportunities. Narval offers custodians a seamless, low-overhead method to engage in DeFi activities, such as borrowing, lending, trading, staking, and accessing yield securely through a bespoke connectivity stack specifically for institutions.
With robust backing from key players like Strobe, a16z crypto, Fabric, and Prelude, the company recently secured a $4.00M Seed Round investment on 10 July 2023. This investment was led by notable investors including Cherry Ventures, Bpifrance, BlockTower Capital, Fabric Ventures, Frst, Motier Ventures, and a16z crypto. Narval is poised to be a cornerstone in attracting institutional capital to the DeFi ecosystem, providing a secure entry point into this transformative space.
