This past March, Fatburger announced that it raised $40M that included securities issued on Ethereum, marking the first time that Morningstar-rated securities were issued on the blockchain. The one-year-old NYC startup responsible for structuring this deal is Cadence, a securitization platform for private credit. Cadence’s platform has multiple functions that include short-term private credit investment products for retail and institutional investors. Cadence has already facilitated 80 short-term, high-yielding transactions, totaling $125M on the platform. AlleyWatch sat down with Founder and CEO Nelson Chu to learn more about Cadence’s unique offering, future plans, and recent funding round.
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