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Tranchess develops a decentralized finance platform for asset management and yield products.
Founded in 2020 by Danny Chong and based in the US, Tranchess offers a DeFi asset management platform on Binance Smart Chain. Its products include the QUEEN, BISHOP and ROOK tranche tokens, the CHESS governance token, a decentralized exchange, money markets and staking. In May 2021, it raised USD 0.1 million in strategic investment from Binance Labs. Other backers include IMO Ventures, LongHash Ventures, Spartan Group and Three Arrows Capital.
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