Juno, the Singapore-based Web3 crypto firm that offers customers checking accounts tied to crypto assets, has raised $18 million in a Series A financing round led by Parafi Capital. The fresh capital follows the startup’s seed round in 2019 when Juno raised $3 million from investors.
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The paths of traditional finance and the cryptocurrency industry have intersected again, with a crypto startup coming to save the iconic “Euro-Skulptur” monument in Frankfurt.Frankfurt-based crypto startup Caiz Development will provide 1 million euros, or about $961,000, in funding over the next five years to rescue the famous sculpture depicting Read More
“The current state of crypto is fragmented, as there has been a proliferation of blockchains and applications, but users on a given blockchain can’t access applications on another,” Kol said. “It’s confusing and complex, and results in a user experience that many, even crypto veterans like our team, find cumbersome Read More
Other investors in the round included XYZ, Nyca Partners, Sound Ventures, Activant Capital, Visa, Google Ventures, Eric Schmidt, Vikram Pandit, The General Partnership, NAventures, ING Ventures, ConsenSys, Cross River Digital Ventures, Alloy Labs, and Uniswap Labs Ventures.
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"You may understandably ask what has changed in the past twelve months," TrueLayer CEO Francesco Simoneschi said in the blog post. "We are now operating in a very different context and more challenging market conditions. TrueLayer, while being in a position of strength, is not immune to these broader factors."
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London-based Ownera has raised US$20 million in a Series A funding round from investors including banking giant JPMorgan and private asset management firm LRC Group.See related article: Tokenized assets may make up 10% of global GDP by 2030: reportFast factsThe funds will be used to deploy a global interoperability network Read More
“It is commonly accepted that the tokenization of securities has the capacity to digitize markets with total value in the trillions of dollars,” said Ownera co-founder and CEO Ami Ben-David in the press release. “Dozens of platforms are being deployed by financial institutions across the market, and our job is Read More
Diamond Standard, which is licensed in Bermuda to issue, sell and redeem tokens and digital assets, provides both retail and institutional investors with a diamond-backed digital currency. The physical coins, which are stored in a vault, hold eight to nine standardized diamonds. The diamond-embedded tokens are digitized through an Ethereum-based Read More
Alexander Lebedev's crypto startup InDeFi plans to issue a ruble stablecoin based on the model used by MakerDAO's DAI.
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Synquote, a self-styled decentralized exchange (DEX), plans to support the buying and selling of options in over 500 generally illiquid instruments atop layer2 Polygon, Avalanche and BNB Chain. It unlocks the liquidity by letting traders source options quotes directly from market makers – a first in decentralized finance, according to Read More