A cryptocurrency payments start-up named Eligma has successfully raised in a total of $4.4 million from crypto entrepreneur Roger Ver owned Pangea Blockchain Fund. The startup working to built a blockchain payment which gives users a seamless, easy, and effective way of payment. It has also created Eli token, on top of the Ethereum blockchain.
Four major banks in South Korea, KB Kookmin, Shinhan, Woori, and KEB Hana Bank, and the Industrial Bank of Korea have formed a “technology and service alliance” with blockchain firms An official from a blockchain firm commented, “Traditional financial firms which experienced fintech innovations in the Mobile Age, such as simple money transfer services Toss and Kakao Bank, are now seeking to develop blockchain-based financial products.”
A firm headquartered in California, Baton System in their recent Series A funding round has been successfully secured $12 million for its blockchain payment project. The CEO of Baton System, Arjun Jayaram boasted, “This investment provides us with the strategic support and firepower to scale our bank-to-bank payment solution for the world’s leading financial institutions even faster and more effectively.”
A financial institution which focuses on accelerating access, adoption and liquidity of the Algo, Algo Capital has shared that it has successfully surpassed its original funding round goal, and raised $200 million. The founder of Algo Capital, Arul Murugan expressed, “Our investment approach specifically targets companies that are creating the next great blockchain application and infrastructure solutions, and as a result helping to speed blockchain adoption and brings millions of new users into the Algorand network.”
A blockchain ecosystem, Outlier Ventures has shared that it has recently invested and become the strategic advisor to a decentralized secure computation protocol, Enigma. The CEO of Outlier Ventures, Jamie Burke commented, “They bring huge and immediate synergies to our growing stack of investments both at the Compute layer and more widely and we are looking forward to integrating them into our ecosystem.”
The B3i (a blockchain initiative for insurance & reinsurance) has recently welcomed China Pacific Insurance Group (CPIC) as its latest investor to its blockchain initiative. The chairman of the General Insurance arm of CPIC Group, GU Yue explained, “We hope that the strategic cooperation with B3i will give us more insight in the leading practice in blockchain technology standards, protocol design and network building.”
A blockchain project Terra has recently received an amount of investment (the number is masked to public) from a blockchain investor based in Hong Kong, HashKey Capital. The co-founder of Terra, Daniel Shin commented, “HashKey Capital has a great presence across Asia, especially in Hong Kong and mainland China, and we look forward to exploring those regions together.”
A blockchain-powered ecosystem providing trust solutions, Jur has shared that they have received an amount of investment from Fenbushi Capital (a venture capital firm based in China). Jur CEO, Alessandro Palombo expressed. “We’re excited to have closed this deal with one of the most authoritative VCs in the blockchain world, and one that is notoriously selective.”
A cryptocurrency exchange, Coin Futures and Lending Exchange (CoinFLEX) has successfully raised $10 million in funding this year. The exchange vision to expand its trading volume by utilizing the fundraising through the funding round from major cryptocurrency investors such as the Polychain Capital, & NGC Ventures II. The company boast that it has reached a trading volume of over US$150 million.
A blockchain-powered vegan activist platform, VeganNation has successfully raised $10 Million in its recent funding round from private investors. The CEO of VeganNation, Isaac Thomas explained, “This is a major milestone in uniting all environmentally conscious consumers worldwide into a nation founded on sustainable development, generosity, and kindness towards all living beings.”