Paladin raised $2.55m in seed funding from Greenfield One, Galaxy Digital, NFX, Semantic and angels.

Paladin, a Paris, France software startup developing decentralization tech, announced that it secured a $2.55 million in a seed funding round.

The money was raised from investors led by Greenfield One, joined by Galaxy Digital, NFX, Semantic and angel investors whose name remained undisclosed.

The proceeds will be used to further add resources for the company's protocol development.

Paladin, founded in 2021 by CEO Romain Figuereo, founder of the protocol, aims to reduce friction in on-chain governance process as it developed a vote lending market called Paladin Lending. Paladin Lending is set to be released by the end of 2021 with UNI, COMP and AAVE as initially onboarded assets.