Meow is a New York based company that is helping corporate treasuries access crypto yield.
Meow is banking (haha) on the fact that corporate treasurers want access to the juicy yields available from DeFi platforms but don’t want to deal with the headache of crypto wallets and all the mechanics involved.
$5M financing. The company raised $5M in seed financing led by Coinbase Ventures, Gemini Frontier Fund and Lux Capital. On a side note, New York City continues to grow its status as a premier geography in the emerging crypto space with another one of its own raising venture funding.
The company’s CEO, Brandon Arvanaghi, says Meow provides a compliant bridge for institutional and corporate investors to participate in emerging cryptocurrency investment opportunities by eliminating the need for complex crypto wallets.
How it works. Corporate treasuries deposit cash and Meow partners with institutional crypto lending desks to make short-term high yield loans. Meow then collects yields and passes part of the returns back to its customers, who can access the funds within three business days.
On a side note, New York City continues to grow its status as a premier geography in the emerging crypto space with another one of its own raising venture funding.
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