Tare raises $13.25 million for lending software on Avalanche
- —The $13.25 million round was led by Blockchain Capital
- —Participants include Janus Henderson, Avalanche Foundation, Stani Kulechov and Phil Potter
- —Tare is building software for digital records and automated loan management on Avalanche
- —Tare Credit LLC is obtaining licenses to operate across the US
Why it matters: The large venture round supports the tokenization of lending processes on Avalanche, which could accelerate institutional capital inflows into DeFi lending.
Source: PANews