Korean crypto exchange Upbit’s parent company Lambda256 raised $ 60 million in Series B »CryptoNinjas

Korean crypto exchange Upbit’s parent company Lambda256 raised $ 60 million in Series B »CryptoNinjas

Lambda256, a blockchain branch of the Korean fintech company Dunamu, announced today that it has secured $ 60 million (KRW 70 billion) in the Series B financing circle, which estimates the company at over $ 300 million.

This round was supported by major Korean venture capitalists and investors, including Dunamu, Hanhwa Systems, Chong Kun Dang, Yanolja, Daelim, VTI Partners, DSC Investments, Shinhan Venture Capital, KB Investments and SBI Investments.

The company will use the latest round of funding to step up its efforts to further expand in the Blockchain-as-a-Service (BaaS) arena, where it has helped over 3,300 corporate clients build, implement and manage blockchain networks on a large scale. with its blockchain, Luniverse.

New investors Daelim, Shinhan Venture Capital, KB Investments and SBI Investments are clients and partners for a key set of solutions: DID, blockchain-based digital identity management system, Luniverse NFT, NFT management and forging system and Luniverse’s blockchain chain consortium.

Founded in May 2018 as a unit for research and development of Upbit operator blocks by Dunamu, Lambda256 offers a business-level blockchain built for companies in various industries. Recently, the company implemented its own NFT technology for Upbit NFT – with the goal of providing an energy-efficient, greener alternative to NFTs, creators who put sustainability first.

In August 2021, the company also launched VerifyVASP, a regulatory solution designed to ensure data integrity through full compliance for VASPs and their customers. Since its integration, Luniverse has become a reliable, regulated platform for over 3,300 institutions.

Luniverse supports a diverse portfolio of solutions for companies in a variety of disciplines, including the Indonesian Rupiah Stable Coin Project (IDRT), Gluwa, a financial platform without borders, Milk, a blockchain-based loyalty reward program, Stockplus Unlisted, and Dunam’s trading platform. private equity and Division Network, a metaverse platform.

“The effectiveness of Blockchain in helping companies build trust and transparency with customers across all ecosystems is now a preconceived conclusion. The latest round of investments is proof of the powerful technology we have built. With funding, we are on a clear path to diversifying talent funds and accelerating our blockchain roadmap to diverse global ecosystems. ”
– Jay Jaehyun Park, CEO of Lambda256

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