Crypto startup raises $2.2 million in fundraise to simplify governance for token delegates

Count this as another sign that the scrappy market for decentralized finance is growing up. 

Boardroom, a company developing a platform for DeFi governance, has completed a $2.2 million raise. The round was led by Standard Crypto, which was joined by a slew of digital asset investors including Slow Ventures, CoinFund, and Framework. The firm says it will use the fresh cash to build a suite of tools for DeFi power-users and protocols delegates to more seamlessly participate in governance decisions across projects.

Despite the breakneck growth of the DeFi market in recent months, governance has been fragmented and clunky. Stakeholders are forced to navigate disparate channels to access information about governance decisions and then vote, says Boardroom founder Kevin Nielson.

For instance, users who want to delegate their voting power to a third-party have to jump through a number of hoops to do so. In some cases token holders

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Regulatory Technology Strives for New Era of Effective Governance

Regtech, short for regulatory technology, is a category of software solutions that helps its business customers to manage and de-risk compliance with the regulatory obligations of their respective industries. By its nature, regtech seeks first to understand and then to simplify and manage the highly complex laws written to regulate industry. While the right seeks to free business to grow and the left seeks to protect citizens and consumers, a good regtech solution supports both sides with technology that ensures compliance with the law while minimizing the resources necessary to do so.

Consider regulatory control over the financial services industry as a prime example from modern history. Speculative investment soared during the roaring twenties while production waned and unemployment rose. Over the decade, the stock market became increasingly over-valued and consumers took on more and more debt as banks turned a blind eye to obvious risk and over-leveraged cash

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