Kinto Raises $5M for KYC'ed Layer 2 Blockchain Supporting Financial Institutions and Decentralized Protocols
Kinto, a blockchain provider based in Orlando, FL, has raised $5M in funding from two rounds. The pre-seed round, led by Kyber Capital Crypto, contributed $1.5M. The second round, led by Kyber Capital Crypto, Spartan Group, and Parafi, raised $3.5M. The funds will be used for team expansion and network development. Kinto is a KYC’ed Layer 2 blockchain that supports both traditional finance and DeFi, offering low-cost, secure, and insured apps with encrypted personal information.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Massive Regulation Overhaul: Russia’s Crypto Exchanges to Face Unprecedented Scrutiny!
Crypto in the Polls: Which Presidential Candidate Wins the Blockchain Vote?
One Cryptocurrency Wallet Profited 117 Times from One Altcoin and 855 Times from Another: But Doubts Remain
According to data shared by cryptocurrency analysis platform Lookonchain, a cryptocurrency whale made a huge profit from memecoin trading.
Bitcoin Gains Fuel as Global Currencies Weaken: What’s Next?
Trending news
MoreCrypto prices
More
