DAM Finance is a Shanghai-based protocol that creates purchasing power from cross-chain token portfolios through dPRIME, a Dotsama stablecoin on Moonbeam. It enables borrowers to deposit baskets of tokens in a single transaction to mint dPRIME, providing greater flexibility in purchasing-power creation and vault maintenance. The design accommodates a broader range of blockchain-secured assets as collateral. The company raised $1.8M in Pre-Seed funding to accelerate development toward a mainnet launch scheduled for later this year. Backers include DFG, Jsquare, Arrington Capital, Ledgerprime, D1 Ventures, 11-11 Capital, Stacker Ventures and prominent angels within the Dotsama community. Core contributors have backgrounds in enterprise and public blockchains, asset management and data science from firms such as R3, Myria, Fidelity, Oak Hill Capital, EY and IC Group, and the team says protocol risk management will be a major focus.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2022