Golden Finance reported that Cicada Partners, a blockchain-based non-custodial credit risk management company, announced the completion of a $9.7 million pre-seed round of financing, led by Choppa Capital, with participation from Bitscale, Bodhi Ventures, and Shiliang Tang. Headquartered in Boston, Cicada is an on-chain credit risk management company currently led by CEO Sefton Kincaid. It mainly promotes the growth of institutional loans on the public blockchain through non-custodial loan products that allow lenders to participate in risk management. It is reported that the new The funds will be used to explore new blockchain lending use cases and build a non-custodial loan pool, while providing support for product research and development. (Finsmes)