PRESS RELEASE
Xpfinance, an innovative decentralized finance (DeFi) startup building on Ripple’s XRP blockchain, has successfully closed a $200,000 seed funding round.
The seed round was led by Xenoverge Fund and saw participation from several prominent web3 angel and pre-seed investors, reinforcing growing confidence in XRP’s DeFi ecosystem.
This pivotal seed investment will empower Xpfinance to develop the first-ever non-custodial lending and borrowing protocol designed specifically for the XRPLedger (XRPL).
Additionally, the funding will support community growth initiatives, cultivating a robust, community-centric ecosystem around the Xpfinance platform.
The capital was raised via a Simple Agreement for Future Tokens (SAFT), involving the early sale of the $XPF token, the core utility token that drives the Xpfinance ecosystem.
Scheduled to launch its mainnet within the next quarter, Xpfinance aims to revolutionize the way XRP holders utilize their assets, enabling seamless, secure, and transparent peer-to-peer lending and borrowing.
Damir Hadjic, Chief Information Officer at Xpfinance, expressed excitement about the platform’s future, stating, “We’re thrilled to leverage this funding to build XRPL’s first non-custodial lending and borrowing solution. Our immediate next step is launching the highly anticipated $XPF token presale, offering early adopters an exclusive opportunity to participate before the token hits exchanges.”
The $XPF token isn’t just another crypto asset—it’s a cornerstone of the Xpfinance protocol. Holders will play a critical role in governance, influencing key platform decisions including fee structures, asset listings, and protocol improvements.
Moreover, holding $XPF tokens will allow investors to earn a consistent passive income by receiving a percentage of the platform’s transaction fees, creating an attractive incentive structure for long-term engagement.
The presale of the $XPF tokens is expected to generate considerable attention from the broader crypto community, given the rising demand for genuine decentralized financial solutions on XRPL.
The $XPF Presale is slated to kick off Thursday, 8th May 2025 by 4pm UTC. Early participants in the presale will benefit from securing $XPF tokens at favorable terms ahead of wider market listings.
Investors, XRP enthusiasts, and DeFi advocates interested in participating in the presale or following Xpfinance’s progress are encouraged to join the project’s vibrant Telegram community.
By joining this channel, members will receive real-time updates, detailed presale information, and direct communication with the Xpfinance development team.
Xpfinance represents a significant advancement in the XRPL DeFi landscape, bringing secure, transparent, and decentralized financial solutions to XRP holders globally. The seed funding announcement marks an important milestone toward achieving this vision.
For further inquiries, media requests, or additional information, please contact the Xpfinance team directly at: [email protected].
Join us as we shape the future of DeFi on the XRPLedger as Xpfinance is set to become a leading name in the XRP crypto community.
Stay Updated On XpFinance:
Website: https://xp.finance
Telegram: https://t.me/xpfinancexrp
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