Lambda256, the blockchain arm of Korean fintech agency Dunamu, introduced in the present day it has secured $60 million (70 billion KRW) in a Sequence B funding spherical that values the corporate at over $300 million.
This spherical was backed by main Korean enterprise capitals and traders, together with Dunamu, Hanhwa Methods, Chong Kun Dang, Yanolja, Daelim, VTI Companions, DSC Investments, Shinhan Enterprise Capital, KB Investments, and SBI Investments.
The corporate will use the most recent spherical of funding to amplify its efforts to additional its growth within the Blockchain-as-a-Service (BaaS) enviornment, the place it has helped over 3,300 company shoppers in constructing, deploying, and managing blockchain networks at scale with its blockchain, Luniverse.
New traders Daelim, Shinhan Enterprise Capital, KB Investments, and SBI Investments are shoppers and companions for a key set of options: DID, a blockchain-based digital id administration system, Luniverse NFTs, a system for managing and minting NFTs, and Luniverse’s blockchain consortium chain.
Based in Might 2018 as a blockchain analysis and growth unit of Upbit operator Dunamu, Lambda256 affords an enterprise-grade blockchain constructed for companies throughout completely different industries. Not too long ago, the corporate carried out its proprietary NFT know-how for Upbit NFT – aimed toward offering an energy-efficient, greener different to NFTs, to creators with sustainability top-of-mind.
In August 2021, the corporate additionally launched VerifyVASP, a regulatory answer designed to make sure knowledge integrity by full-scale compliance for VASPs and their clients. Since its integration, Luniverse has turn out to be a trusted, regulated platform for over 3,300 establishments.
Luniverse helps a various portfolio of options for enterprises throughout disciplines, together with the Indonesian Rupiah-based stablecoin (IDRT) challenge, Gluwa, a borderless monetary platform, Milk, a blockchain-based loyalty rewards program, Stockplus Unlisted, Dunamu’s platform for buying and selling personal shares, and Division Community, a metaverse platform.
“Blockchain’s efficacy in serving to firms construct belief and transparency with clients throughout ecosystems is now a foregone conclusion. The most recent spherical of investments is a testomony to the highly effective know-how we’ve constructed. With the funding, we’re on a transparent path to diversifying expertise swimming pools and accelerating our blockchain roadmap into numerous international ecosystems.”
– Jay Jaehyun Park, CEO of Lambda256