City Protocol raises $11 million in funding, Venzo TVL reaches $40 million

On chain structured product infrastructure City Protocol has completed seed and Pre-A rounds of financing, with a total financing of $11 million. Investors include Dragonfly, Jump Crypto, CMT Digital, Stratified Capital, Adaverse, Mirana, and others. Venzo, the flagship platform of City Protocol, has launched four strategic vaults with TVL reaching $40 million.