PANews reported on November 13 that according to ffnews, Tranched, a London-based blockchain embedded asset financing platform, announced the completion of a US$3.4 million Pre-Seed round of financing, led by Speedinvest, with participation from Andressen Horowitz's Crypto Startup Accelerator (CSX) program, Blockwall, Kima and OVNI Capital. The specific valuation information has not been disclosed yet.

According to reports, Tranched aims to simplify the asset financing process through blockchain technology and eliminate the structural complexity and high fees involved in securitization. The new funds will support its business expansion from Europe to lenders, credit funds, asset management companies and banks.