DeFi credit market Credix Finance secures US$60 million in credit facilities

DeFi lending market Credix Finance announced that it has secured a $60 million credit line. The loan was obtained through a partnership with an alternative investment management company in the United States that focuses on asset-based lending opportunities and manages a $3 billion investment portfolio.

Earlier, DeFi investment platform Credix completed a $11.25 million Series A financing round, with early funds from Motive Partners and ParaFi Capital jointly leading the round, and participation from Valor Capital Group, Victory Park Capital, and Ricardo Villela Marino, Chairman of Itaú Latam.