Russian ’ex-oligarch’ reportedly backing a new DeFi project

Russian businessman and self-styled “ex-oligarch” Aleksandr Lebedev is backing a new decentralized finance project that aims to compete across a broad spectrum of financial products.

As reported by Russian financial publication RBC, Lebedev is providing the initial funding for a DeFi startup under the working name of InDeFinEco, standing for Independent Decentralized Finance Ecosystem.

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