Korean crypto exchange Upbit’s parent company Lambda256 raises $60M in Series B

2021-12-16 23:28

Lambda256, the blockchain arm of Korean fintech firm Dunamu, announced today it has secured $60 million (70 billion KRW) in a Series B funding round that values the company at over $300 million.

This round was backed by major Korean venture capitals 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 amplify its efforts to further its expansion in the Blockchain-as-a-Service (BaaS) arena, where it has helped over 3,300 corporate clients in building, deploying, and managing blockchain networks at 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, a blockchain-based digital identity management system, Luniverse NFTs, a system for managing and minting NFTs, and Luniverse’s blockchain consortium chain.

Founded in May 2018 as a blockchain research and development unit of Upbit operator Dunamu, Lambda256 offers an enterprise-grade blockchain built for businesses across different industries. Recently, the company implemented its proprietary NFT technology for Upbit NFT – aimed at providing an energy-efficient, greener alternative to NFTs, to creators with sustainability top-of-mind.

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

Luniverse supports a diverse portfolio of solutions for enterprises across disciplines, including the Indonesian Rupiah-based stablecoin (IDRT) project, Gluwa, a borderless financial platform, Milk, a blockchain-based loyalty rewards program, Stockplus Unlisted, Dunamu’s platform for trading private shares, and Division Network, a metaverse platform.

“Blockchain’s efficacy in helping companies build trust and transparency with customers across ecosystems is now a foregone conclusion. The latest round of investments is a testament to the powerful technology we’ve built. With the funding, we’re on a clear path to diversifying talent pools and accelerating our blockchain roadmap into various global ecosystems.”
– Jay Jaehyun Park, CEO of Lambda256

The post Korean crypto exchange Upbit’s parent company Lambda256 raises $60M in Series B appeared first on CryptoNinjas.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

North Korean Won (KPW) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 KPW

korean company lambda256 series million dunamu round

korean company → Результатов: 126


Фото:

Kakao Expands Into Singapore to Strengthen Its Global Blockchain Adoption Initiative

South Korean Internet giant Kakao launched two blockchain units in Singapore as part of the company’s plans to expand its blockchain reach for the Klaytn project globally. Two Blockchain Entities in Singapore According to the Korea Herald on Monday (August 16, 2021), the two blockchain-based entities established in the city-state are the Klaytn Foundation andRead More

2021-8-17 23:00


Ripple (XRP) will now scale remittances between Korea and Thailand

A major South Korean remittance service provider partnered up with Ripple in a bid to power up payments between the country and Thailand.  Set to expand into additional remittance corridors, GME Remittance joined a flock of Korean financial institutions and money transfer companies already on RippleNet, as the blockchain-based payments company continues bolstering its presence […] The post Ripple (XRP) will now scale remittances between Korea and Thailand appeared first on CryptoSlate.

2021-8-12 04:00


Blockchain security company Quantstamp joins Korean accelerator backed by Shinhan Financial 

CryptoNinjas » Blockchain security company Quantstamp joins Korean accelerator backed by Shinhan Financial  Quantstamp, a blockchain security-infrastructure company, announced it has been inducted as a member of Shinhan Square Bridge: Incheon (located in Incheon Startup Park) backed by Shinhan Financial Group, a leader in the Korean financial services sector.

2021-3-11 02:22


Фото:

Popular K-Pop Girl Band To Mint Digital Collectibles on Polkadot

On Jan 16, 2020, the parent company of K-pop sensation girl band Mamamoo revealed that it would release non-fungible tokens (NFT) on Hong Kong-based exchange Xeno. K-pop Merch Going Digital The move by RBW (Rainbowbridge World), a South Korean entertainment company that represents top K-pop bands, will enable music fans to purchase digital merchandise associatedRead More

2021-1-18 19:00


Фото:

South Korean Giant Kakao Rolls Out Crypto Wallet App Klip

Klaytn, the blockchain platform developed by South Korean conglomerate Kakao, has just released a crypto wallet. The company announced the news via a Medium post published on Wednesday. According to the announcement, the wallet named Klip will support Klaytn’s native token KLAY and ten other Klaytn-based virtual ‘coins’ as well as numerous other non-fungible tokens […] The post South Korean Giant Kakao Rolls Out Crypto Wallet App Klip appeared first on BeInCrypto.

2020-6-4 21:06


South Korea’s UPbit, Bithumb Reveal Substantial Drop in Trading Volumes In Last 2 Years

Top South Korean crypto exchange platforms, Upbit and Bithumb, have witnessed a massive decrease in their trading volumes of 70% and 63% respectively compared to their 2018 results, Decrypt reports. According to Financial Supervisory Services (FSS), Dunamu, which is Upbit’s parent company, saw its annual profits decrease by 93% to approximately $7.4 million. The nosedive […]

2020-3-24 22:04


Korean blockchain game developer SuperTree receives $2.5M in Series A funding

Korean blockchain game development company, SuperTree, today announced it has successfully attracted a total of 3 billion won (around $2,575,684 USD) in Series A investment. SuperTree is a startup specializing in the development of blockchain games, consisting of a core team with significant experience in the gaming industry such as NHN, Netmarble, NCSOFT, and ItemBay.

2020-1-22 18:04