Tarun Chitra’s Gauntlet raises $125 million Series C from sole investor SBI Holdings
The Block·
60-second summary
Tarun Chitra's Gauntlet raises $125 million Series C from sole investor SBI Holdings, solidifying its position in the DeFi market. Chitra expects tokenization and vaults to outpace overall stablecoin growth over the next few years, potentially driving significant DeFi adoption and market expansion, with implications for the broader cryptocurrency industry's growth trajectory and investor sentiment.
Chitra said he expects tokenization and vaults to grow the DeFi market faster than overall stablecoin growth over the next few years.