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Ondo Finance raises $20M from Peter Thiel’s Founders Fund and others

Ondo Finance, a crypto startup that provides structured products built on top of decentralized exchanges, has raised $20 million in Series A funding as it looks to build a decentralized investment bank. Peter Thiel’s iconic VC firm Founders Fund and Pantera Capital co-led the round. This is the first time Founders Fund has led an investment in a token-based project, Ondo’s founder and CEO, Nathan Allman, told The Block. Founders Fund has previously participated in a token round for Parallel …