DeFi asset management and risk analysis firm Gauntlet secures $125 million in funding from Japanese financial giant SBI Holdings.

Deep Tide TechFlow news, July 9, as reported by Fortune, DeFi asset management and risk analysis firm Gauntlet has completed a $125 million financing round, exclusively invested by Japanese financial group SBI Holdings. The funding was completed in June this year, with specific valuation undisclosed. This is Gauntlet's largest funding round since its founding in 2018, far exceeding its $24 million Series B round in 2022 led by Ribbit Capital at a $1 billion valuation.

Founded by former Wall Street quantitative trader Tarun Chitra, Gauntlet initially focused on providing stress testing and vulnerability analysis services for DeFi protocols. As the DAO governance model waned, it gradually shifted to a "vault curation" business — using quantitative analysis to assess risk in yield strategies and helping institutional investors manage digital asset allocations. Its clients now include asset management giant Apollo, Coinbase, and stablecoin issuer Circle.

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