TechFlow News, December 17 — DeFi application layer Rujira announced in its official blog: "Rujira has successfully raised $7 million from a group of early investors who joined shortly after the merger announcement. With this funding, we are now equipped to execute our roadmap and do not require additional capital at this time. In the future, if necessary, we will be able to secure further funds through over-the-counter transactions to further support Rujira's development. The completion of this funding round removes a key obstacle for the RUJI token generation event (TGE), which is currently expected to take place in February next year. As always, this timeline is for reference only and may change."
Rujira is a DeFi application layer on THORChain, created by the Rujira Alliance formed between Kujira, Levana, and THORChain. It combines Kujira’s DeFi tools with THORChain’s liquidity and cross-chain capabilities to enable seamless, bridgeless access across blockchain networks.
