Tarun Chitra’s Gauntlet raises $125 million Series C from sole investor SBI Holdings
Chitra said he expects tokenization and vaults to grow the DeFi market faster than overall stablecoin growth over the next few years....
Key takeaways
- 1Gauntlet raised $125 million Series C funding from sole investor SBI Holdings.
- 2Founder Tarun Chitra expects tokenization and vaults to drive DeFi market growth faster than stablecoins.
- 3SBI Holdings' backing signals institutional investment in crypto infrastructure and DeFi solutions.
Why it matters
SBI Holdings' $125M bet on Gauntlet validates DeFi tokenization as a growth area for Indian institutional investors. This signals growing mainstream acceptance of crypto infrastructure in India's regulated finance ecosystem.
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