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# Singapore's Defi protocol iZUMi Finance raises $30 million
- URL: https://www.techloy.com/singaporean-defi-protocol-izumi-finance-raises-30-million/
- Published: 2022-05-20T15:40:54.000Z
- Updated: 2025-05-23T16:26:16.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Blockchain, Tech in Singapore, Decentralized Finance (DeFi)

[iZUMi Finance,](https://izumi.finance/home) a decentralized finance platform based in Singapore has raised $30 million through the sale of bond vouchers and claims on its iZUMi Bond USD (iUSD). 

- iZUMi Finance provides liquidity services by converting assets into cash or another asset.
- The Defi platform is deployed on the Ethereum, BNB Chain, Polygon and Arbitrum blockchains with $58 million in total lock value, it claims.
- It has also launched iZiSwap decentralized exchange (DEX) using a novel automated market maker (AMM) protocol and the iUSD token.
- The iUSD token is 1:1 equivalent to the US dollar, and it's backed by iZUMi's collateral and future revenue; the iUSD is sellable to private investors.