SoFi Co-Founder Mike Cagney Raises $19 Million For New On-Chain Finance Startup

Crypto Insight Summary: Navra, the latest company led by SoFi and Figure co-founder Mike Cagney, has raised $19 million in Series A funding. The startup is building an interface intended to make on-chain lending, yield products and securities markets easier for traditional investors and institutions to access. Crypto Insight Analysis: Direction: Bullish ETH / Neutral BTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Institutional on-chain finance solutions could drive ETH demand.