Timechain’s Concentric Fund has invested in Debifi, a Latvia-based company that aims to utilize Bitcoin as super collateral, enhancing its use in various financial applications.

Target Information

Debifi is an innovative company focused on leveraging Bitcoin as a form of super collateral. Their unique approach is designed to enhance the usability of Bitcoin within various financial applications. The firm aims to address an underserved market by facilitating Bitcoin transactions and promoting its use case across different platforms.

Based in Latvia, Debifi is led by a highly experienced team with a proven track record in the blockchain and financial technology sectors. This team brings a wealth of expertise that is critical for navigating the complexities of the cryptocurrency landscape.

Industry Overview in Latvia

Latvia is at the forefront of cryptocurrency adoption in Eastern Europe, with a supportive regulatory framework that encourages innovation within t