According to a release, Canadian firm Conduit has raised $17 million in a funding round led by Portage Ventures. FinVC, Gemini Frontier Fund, and Rex Salisbury, an ex-a16z partner, also took part in the round. Conduit creates APIs (application programming interfaces), which it claims will allow fintechs, neobanks, and traditional financial institutions to quickly incorporate high-yield DeFi accounts into their existing product offerings.
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