NEW YORK, July 6, 2022 /PRNewswire/ — Intain Inc., a leading blockchain-enabled structured finance platform for issuers and investors to connect in an efficient, secure and trusted way, announced today the completion of a round of funding. The funds will be used to help scale Intain MARKETS, a structured finance marketplace scheduled for launch in July.
The limited funding round included participation from investors who share Intain’s vision of bringing traditional financial institutions and real world assets on blockchain. Lead investors included Blizzard, a venture capital and incubation fund managed by the Avalanche Foundation and supporting projects in the Avalanche community, and JAM FINTOP Blockchain, a financial institution focused blockchain infrastructure venture fund.
Intain’s servicing and administration platform, Intain ADMIN, has achieved incremental adoption within the asset securitization space. With assets approaching $5B in value across a variety of classes and deal structures currently being administered on Intain ADMIN, the company is well positioned for the next phase of growth and launch of Intain MARKETS, its marketplace for structured finance.