DeFi Studio Framework Labs Leaves Stealth Mode With $8M in Seed Funding

Framework Labs says it's already playing a key role in projects including Uniswap and Chainlink.

AccessTimeIconAug 28, 2020 at 9:03 a.m. UTC
Updated May 9, 2023 at 3:11 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Framework Labs – a new "fintech studio" that incubates and supports projects in the decentralized finance (DeFi) space – has stepped out of the shadows with the announcement of a successful seed funding round.

  • Announced Thursday, the $8 million investment was led by Station 13, a sister entity to sports media and technology holding company JDS Sports.
  • Framework Labs sets out to be a "full stack partner," helping govern blockchain protocols, providing liquidity to decentralized exchanges, bootstrapping startups and building consumer apps, all with connections to DeFi.
  • The firm – launched by the founders of DeFi investment fund Framework Ventures – claims to be the foremost staker on Synthetix and a key node operator providing data for Chainlink's oracles.
  • "DeFi is not a spectator sport. Active participation, governance, building of consumer products, and advanced trading strategies are all part of the complex process of making a DeFi protocol successful," said Framework Labs co-founder Vance Spencer in a press release.
  • The studio also claims to be the largest liquidity provider on the decentralized exchange (DEX) Uniswap.
  • The seed funding will go towards expanding the firm's research, trading and engineering teams, providing further liquidity to non-custodial DEXs and incubating startups among other pursuits.
  • Bitcoin ETFs Are Still 'Wildly Successful': Kraken Head of Strategy
    11:52
    Bitcoin ETFs Are Still 'Wildly Successful': Kraken Head of Strategy
  • Wormhole’s W Token Has a 999% Weekly Return; Why VanEck Is Bullish on Ethereum Layer 2s
    02:30
    Wormhole’s W Token Has a 999% Weekly Return; Why VanEck Is Bullish on Ethereum Layer 2s
  • NEAR Launches Multichain Access
    15:12
    NEAR Launches Multichain Access
  • How NEAR Enables Multichain Access From One Account
    00:56
    How NEAR Enables Multichain Access From One Account
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.