San Francisco, United States
Set Labs, founded in 2017 and headquartered in the United States, is at the forefront of the next generation of finance, employing innovative solutions in the realm of DeFi structured products. With the slogan "Build market-leading, innovative DeFi structured products on Set's open-source protocol," Set Labs is dedicated to utilizing crypto-financial primitives to shape a new financial future.
Their product offers various blockchain solutions, such as the creation of Sets, which are tools that bundle crypto assets. A traditional Set is an ERC20 token composed of other ERC20 tokens, allowing one to effortlessly hold multiple cryptocurrencies via a single token. The platform also supports cryptocurrency baskets, baskets of NFTs, and on-chain securities, emphasizing a set-it-and-forget-it approach with its rebalancing feature.
Set Labs has caught the attention of significant investors, receiving a robust $14.00M Series A investment on 28 May 2021 from ventures like Craft Ventures, Hashed, Coinbase Ventures, Threshold Ventures, 6th Man Ventures, Defiance Capital, 1kx, Spartan, Bossanova Investimentos, and Blockchain.com Ventures.
Operating within industries such as Blockchain, Crypto, Financial Services, and Fintech, Set Labs aims to provide developers with powerful tools to redefine the financial landscape through decentralized finance. This startup promises significant innovation and capabilities in the evolving crypto-financial marketplace.
