General Tensor has acquired Backprop Finance, a leading decentralized trading platform within the Bittensor ecosystem, from Tensorplex Labs. This acquisition marks a significant expansion for General Tensor in the decentralized finance sector.
In addition to the acquisition, General Tensor has successfully raised $5 million through pre-seed and seed funding rounds. The investment was supported by prominent backers including Digital Currency Group (DCG), Lvna Capital, and Good Morning Holdings, a fund led by Lok Lee with backing from Goldman Sachs.
General Tensor Acquires Backprop Finance, Secures $5M in Funding
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