NoahArk Tech Group Secures $2.4M Investment from ENV, Positioning DeFi on EOS for Major Growth

The EOS Network Foundation (ENF) is pleased to share the recent news from NoahArk Tech Group (NoahArk.io) with the EOS community. EOS Network Ventures (ENV) has made a strategic investment of $2.4M into NoahArk’s DeFi infrastructure. This news will play an important role in unlocking new potentials for growth, innovation and collaboration in DeFi on EOS and within the broader Web3 ecosystem.

Check out the official announcement below and keep reading to learn more about both EOS Network Ventures and NoahArk Tech Group. At the end of this piece, we’ll be discussing how you can begin diving into Noah’s DeFi ecosystem.

https://medium.com/@noahdefi/noahark-tech-group-secures-2-4-million-strategic-investment-from-eos-network-ventures-435829e4bba2

Fostering a Collaborative & Innovative DeFi Ecosystem on EOS 

ENV is a venture capital fund with a mission to attract capital investment and deploy that capital for the benefit of the EOS Network as a whole. The organization is in the process of making a number of strategic investments in alignment with this mission and NoahArk.io is an important part of that vision. The project came to be through a collaboration between Defibox Technology Limited (Defibox.io) and Hong Kong Noah Technology Limited (Noahark.io) and aims to build a robust DeFi ecosystem on the EOS network.

By building on the strengths of both Defibox.io and NoahArk Tech Group, the team hopes to foster an expansive ecosystem of DeFi tools on EOS. As part of this strategy, the team plans to collaborate with two leading DeFi teams to develop an interoperable liquidity aggregation protocol. This will improve transaction flexibility, while creating a more expansive liquidity pool that supports a wide array of assets.

Through this investment, the ENV aims to support NoahArk Tech Group as they create new avenues for collaboration and development that benefit the entire EOS DeFi ecosystem.  At the same time, this investment will drive value back to the network by creating new opportunities for DeFi to thrive on EOS, while increasing users and liquidity on the network.

Yves La Rose, Director of ENV and Founder & CEO of the ENF expressed excitement in the news, stating “Through our investment in NoahArk Tech Group, we’re not just funding a company, we’re investing in the future of DeFi on the EOS Network. We’re confident in their ability to innovate and believe this partnership will lead to significant advancements in the EOS ecosystem.”

NoahArk Tech Group CEO, Eason, noted the impact this investment would have on their efforts to grow DeFi adoption on EOS. “This financial backing will significantly enhance market opportunities for both Defibox.io and Noahark.io. As we anticipate the next bull market, the combined efforts of our DeFi teams will focus on developing an interoperable liquidity aggregation protocol. These initiatives are aimed at enhancing transaction convenience and flexibility for our users and expanding the range of assets supported on EOS and EOS EVM.”

Learn More & Get Involved

Along with the investment from ENV, community members can expect to see a lot more news and updates coming from Noah over the next few months. To stay in the loop on all of this, be sure to connect with them in the following places:

• NoahArk DeFi Platform: https://noahark.io/
• NoahArk on X: https://x.com/noah_defi/
• NoahArk Telegram Community: https://t.me/noahevm
• Defibox DeFi Platform: https://defibox.io/
• Defibox on X: https://x.com/DefiboxOfficial
• Defibox Telegram Community: https://t.me/Defibox_official

EOS Network Ventures is constantly looking for new projects that can play a role in growing the adoption of EOS. If you are involved in a project or know of a project that you’d like to share with the ENV team, please get in touch with EOS Labs with your pitch deck and other relevant information.

Don’t forget to follow the EOS Network Foundation on X to stay in the loop on this and other news. Also, join the EOS Community Telegram  to connect with like minded builders and EOS enthusiasts.

---

About Noahark.io

Noahark.io is an emerging DeFi project on the EOS EVM chain, focusing on providing highly secure and reliable decentralized trading services. Through innovative lock-up mechanisms and liquidity solutions, it creates a seamless financial market experience for users. It is expected to launch a series of trading-focused products such as perpetual contracts and perpetual options early next year.

About Defibox.io

Defibox.io is the leading DeFi project in the EOS ecosystem, creating an open, secure and comprehensive financial experience for users through decentralized technology and financial tools. It is planned to develop financial derivatives such as lending and over-collateralized stablecoins on EOS EVM.

EOS Network Ventures

EOS Network Ventures (ENV) is a venture capital fund whose mission is to attract capital investment and deploy capital for the benefit of the entire EOS network. ENV supports start-up technology companies in the Web3 field on the EOS network through strategy and token investments to promote the innovation and development of the EOS network.
ENV Website | Twitter

EOS Network

The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal Web3 user and developer experiences. EOS is the flagship blockchain and financial center of the Antelope framework, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).
EOS Website | Twitter | Discord | LinkedIn | Telegram | YouTube