Astra Protocol raises $ 9 million through private sales to bring decentralized compliance to the DeFi ecosystem »CoinFunda

Astra Protocol raises $ 9 million through private sales to bring decentralized compliance to the DeFi ecosystem »CoinFunda

Zurich, Switzerland, December 22, 2021

Astra Protocol is pleased to announce that it has secured $ 9 million by withdrawing tokens. In addition, top investment groups and individuals supported the project, reaffirming the need for decentralized compliance in a decentralized financial industry.

Things are moving fast for Astra and its globally patented protocol. The initiative focuses on equipping DeFi smart contracts with a fully decentralized compliance layer. This layer also offers opportunities to know your customer and the ability to fight money laundering. Moreover, the compliance layer can act as a tool to solve all the real compliance issues with the help of various reputable law firms.

The current growth of decentralized finances has shown the need to adhere to strict rules set by society. Most protocols on the market today do not provide this functionality, but change will be inevitable. Without a layer of compliance, developers and users can lose control of the ecosystem.

Moreover, the current technological landscape makes it possible to overcome and resolve all disputes that may arise. Therefore, a chain dispute resolution system is crucial, especially for decentralized finance and the high risks it may pose. Astra Protocol offers legal insurance, framework, dispute resolution and compliance with lending and borrowing regulations, derivatives, stable coins, asset management, decentralized insurance and decentralized exchanges.

The Astra Protocol token upgrade was recently completed, raising $ 9 million for the team to continue building and developing its compliance layer. Significant investors in the project are Republic, DAOMaker, Fundamental Labs, Faculty, Richard Dai and Wave GP Cardano.

Jonathan Han, partner in Republic comments:

“We believe that Astra’s solution is a key part of the critical movement to make DeFi mainstream. We are excited to be able to support the Astra team, which is working diligently to bring the benefits of DeFi closer to more people and organizations. ”

Astra Protocol co-founder Arthur Ali comments:

“We are extremely pleased to announce the closure of our token increase and are proud to announce strong support from major investment groups and individuals such as; Republic, DAOMaker, Richard Dai, Fundamental Labs and Institutional Support. We firmly believe that ASTRA is the key to the future of DeFi. This will allow us to unlock the next path of growth in the industry, enabling more harmonized practices across multiple countries and ensuring the continued participation of major traditional institutions. Our globally patented technology will seamlessly enable DeFi to continue to grow, while promoting greater regulatory confidence without compromising decentralization. ”

Astra Protocol has secured further globally recognized partnerships with the world’s leading law and audit firms, and further announcements will be issued soon.

About the Astra protocol

Our mission is to equip all DeFi smart contracts with a fully decentralized compliance layer, including KYC and AML capabilities, to act as a tool to address real compliance issues using the expertise of trusted law firms.

  • Arthur Ali

Source link

Leave a Reply