DeFi on Solana: Solrise raises $3.4M for non-custodial asset management?

Solrise Finance is a DeFi protocol designed to support managed portfolios on the Solana network. The platform allows investors to allocate capital across several actively managed funds.
Solrise Finance, a decentralized finance (DeFi) protocol for the Solana network, has successfully concluded a $3.4-million raise for its non-custodial asset management platform, offering further evidence that the venture capital world continues to seek broad exposure to the digital asset market.
Some of the biggest venture capital names in blockchain supported the Solrise funding round, including Alameda Ventures, Delphi Digital and CMS Ventures. Jump Capital, ParaFi Capital, DeFi Alliance, Reciprocal Ventures and SkyVision Capital rounded out the participants.
The capital raise will go toward making DeFi more accessible to a wider class of investors, Solrise announced Tuesday. This includes reducing adoption barriers like high transaction costs and a lack of clarity around custody solutions. Specifically, Solrise will provide investors with more streamlined access to “cross-section assets,” including synthetic, Solananative and off-chain assets.
Santiago Santos, a general partner at ParaFi Capital, said Solrise is his company’s first, but certainly not last, DeFi investment in Solana, adding