On October 19, 2021, Element Finance, Inc. closed the transaction. The round of funding on led by Polychain Capital LP. The transaction included participation from new investors OpenDeal Portal LLC, Advanced Blockchain AG, Yunt Capital, Femboy Capital, Rarestone Capital, P2P Validator, Ethereal Ventures, their limited partners, returning investors Placeholder Ventures, A Capital Ventures, Scalar Capital, Andreessen Horowitz LLC, individual investors Rune Christensen, Stani Kulechov, Fernando Martinelli, Kain Warwick, Hart Lambur, Julian Koh, Alex Svanevik, Santiago Roel Santos, Mariano Conti, Cyrus Younessi, Tracheoptery, Darren Lau, Daryl Lau, Anthony Sassano, David Hoffman, Ryan Sean Adams, Dean Eiganmann, Zachary Cole, Patrick LaVecchia, Will Price, and Marc Bhargava.

The round is raised at the post money valuation of $320,000,000.