фото показано с : invezz.com

Astra Protocol has secured $9 million through a token raise backed by top-tier investors, among whom Fundamental Labs, Faculty, Republic, DAOMaker, Richard Dai, and Wave GP Cardano, Invezz learned from a press release. The event confirms the need for decentralized compliance in DeFi.

Astra’s initiative is focused on supplying DeFi smart contracts with a fully decentralized compliance layer, which offers both AML and KYC capabilities. In addition, the compliance layer can help eliminate any real-world compliance issues with the assistance of different, but well-known legal firms.

Astra Protocol cofounder Arthur Ali commented:

We are extremely pleased to announce the closure of our token raise. We firmly believe that ASTRA is key to the future of DeFi. It will allow us to unlock the next path of growth in the industry, allowing more compliant practices across multiple countries and ensuring further participation from major traditional institutions. Our globally patented technology will seamlessly allow DeFi to continue its growth whilst promoting greater confidence from regulators without compromising decentralization.

Jonathan Han, Partner at Republic added:

We believe Astra’s solution is a key part of the critical movement for DeFi to become mainstream. We are excited to back the Astra team, who works diligently to bring the benefits of DeFi to more people and organizations.

DeFi’s meteoric growth has outlined a need to comply with strict rules, but most protocols on the market today do not have this feature. The change will be inevitable. Users and developers can lose control of the ecosystem without a compliance layer.

At the moment, the technology landscape makes it possible to get past any disputes that may arise. This makes dispute resolution systems critical, especially for DeFi and the high risks it entails.

This is where Astra Protocol comes in. It offers a legal framework and assurance, regulatory compliance for lending and borrowing, stablecoins, derivatives, DEXs, asset management, decentralized insurance, and dispute resolution. Further, Astra Protocol has entered into partnerships with some of the most renowned legal and auditing firms in the world.

The post Astra Protocol raises $9M in token funding round appeared first on Invezz.

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