1inch Network Closed $175 Million Series B Token Financing

TokenInsight news, decentralized trading aggregator 1inch Network has raised $175 million at a $2.25 billion valuation in a round led by Amber Group with participation from Jane Street, VanEck, Fenbushi Capital, Alameda Research, and others. The funding was reportedly raised through a token sale from the project's Ecosystem Development Fund, as the team prepares to launch a new set of institutional products. As previously reported, 1inch previously closed $12 million and $2.8 million in funding rounds, with the aim of using this latest round specifically to bring in investment partners with institutional experience.