# DEFYCA Labs S.a.r.l.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/defyca-labs-s-a-r-l

- Industry: Financial Services
- Headquarters: Luxembourg
- Website: www.defyca.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Nov 22, 2022)
- Investors on record: 2

## About

Based in Capellen, Luxembourg, and founded in 2021 by Pat Hourigan, and Alex Garmash, DEFYCA Holdings S.a.r.l, a.k.a. DEFYCA operates as a fintech company that develops a blockchain protocol that enables digital and crypto investors to invest in traditional debt securities and loan portfolios through tokenized assets. In November 2022, DEFYCA Labs S.a.r.l raised USD 1.3 million in seed funding co-led by new investors Blizzard Fund, and QBN Capital. Later in 2024, the company was liquidated.

The company provides a DEFYCA protocol where tokenized assets are issued, securitized, and structured into liquid pools, which can be traded instantly and with no friction. In addition, the protocol utilizes smart contracts technology for price discovery, liability matching, settlement, and payment flows automatically, which minimizes both investment costs and time for the issuer. DEFYCA also provides investors the opportunity to earn tangible secured returns on stablecoins. Overall, the protocol enables all participants to invest and trade tangible fixed income on the blockchain while significantly reducing their exposure or risk. DEFYCA plans to use its proceeds from November 2022 funding to launch the protocol and take the product to market, taking advantage of the growing interest in digital securities and decentralized finance from the traditional finance industry. In addition, the company plans to launch its mainnet in Q1 2023.

## Funding rounds

- Seed, Nov 22, 2022, $1.3M — QBN Capital, Blizzard Fund

## Investors

- QBN Capital (https://capitalatlas.ai/funds/qbn-capital) — Seed
- Blizzard Fund (https://capitalatlas.ai/funds/blizzard-fund) — Seed