TechFlow news: Spartan Group announced on X that it has purchased tokens from Pendle Finance via an OTC channel as part of a follow-on investment, though the specific amount was not disclosed.
Spartan Group stated, "We recognize Pendle's transformative potential and its pivotal role in advancing on-chain yield trading." This strategic investment aims to support Pendle in driving growth within the DeFi interest rate derivatives market.
Previously, Pendle Finance raised $3.7 million in a strategic funding round in April 2021, followed by a crowdfunding round raising 4,337 ETH in November.
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