Radix Tokens has secured $10 million in funding prior to launching its smart contract functionality

Radix Tokens, a blockchain firm, has secured $10 million in funding for its Babylon mainnet launch, which will allow smart contract functionality on the Radix network. The funding round was led by DWF Labs, a market maker and investment firm, and values Radix Tokens at $400 million. Radix Tokens' Scrypto language aims to prevent hacks in DeFi by providing developers with a tool to create assets and set transaction rules. Over 50 projects are building on the blockchain, offering services such as trading, saving, lending, gaming, NFTs, and wallets. DWF Labs has recently made several large investments, including a $40 million funding round for tomi, a DAO, and purchases of native tokens for Orbs Network and Synthetix.