Open-Source DeFi Data Platform DIA Raises $15M Through Token Sale

Marketed as an open-source data aggregator for DeFi markets, DIA announced on Friday that the $15 million were raised through selling the firm’s governance token.

AccessTimeIconAug 21, 2020 at 6:49 p.m. UTC
Updated Sep 14, 2021 at 9:46 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Zug-based decentralized finance (DeFi) data aggregator DIA announced on Friday it has raised $15 million through the sale of its governance token.

  • In a press statement emailed to CoinDesk, the Swiss firm said this was the first round of its token sale. After a private sale that lasted three days, 30 million dia tokens, representing 15% of the total dia token supply, were also offered for sale.
  • According to the firm’s statement, DIA’s token has been listed on three exchanges: OKEx, Kucoin and BitMax.
  • Marketed as an open-source data aggregator for DeFi markets, DIA’s statement said the funds would be used to further develop the firm’s platform and get closer to its ambition of building an “open-source Bloomberg for DeFi.”
  • DIA exists roughly in the same space as DeFi oracles like Chainlink and Band Protocol.
  • "With the recent explosion of the DeFi space, the scrutiny of its underlying data infrastructure has intensified," Outlier Ventures CEO and DIA investor Jamie Burke told CoinDesk. "The existing solutions on the market are seeing strong adoption and have great products, however, we believe that enabling and incentivizing the community to provide solutions that are fully transparent and accessible will lead to an optimal outcome."

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.


Read more about