Cook Protocol, a decentralized cross-chain asset management platform, has received an investment from Block Dream Fund, the newly formed investment arm of popular cryptocurrency exchange OKEx.
The new investment fund apparently sees promise in Cook Protocol, which is working to make investment in the Decentralized Finance (DeFi) ecosystem more efficient.
The Block Dream Fund was founded in late February of 2021 and was funded by OKEx with an initial investment capital pool of $100 million USD. The investment by Block Dream Fund in Cook Protocol was one of its first and was warmly welcomed by the team at Cook Protocol.
The CEO of Cook Protocol, Adrian Peng, told media,
“It is an absolute pleasure to receive funding from OKEx’s Block Dream Fund. We are sure that their investment will help us a great deal in our way forward with Cook Protocol. Apart from the funding, Block Dream Fund will also help us establish valuable connections and assist us with business development. This reflects their dedication to each project they invest in and certainly indicates how enormously we will benefit from their assistance”
As mainstream investors flock to major tokens as an asset class, crypto insiders, like OKEx seem to be looking to the next generation of development, which includes DeFi platforms.
Cook Protocol is Creating New Opportunities
Cook Protocol is working to help investors enter the DeFi space with ease. Instead of having to look at each individual investment opportunity on its own, the Cook Protocol platform can review a range of investment options prepared by investment managers, and deploy capital directly from the Cook Protocol platform.
Investors are able to use a fully integrated platform to review potential investments in the DeFI space, and when they are ready to make an investment everything can be done from one place. Once the investment is made, it is easy to track them from one interface.
Dora, a Founding Partner of Block Dream Fund, commented,