- Lambda256 is a blockchain unit of Dunamu, the operator of Upbit – one of many world’s largest cryptocurrency exchanges by quantity.
SEOUL, South Korea, Dec. 15, 2021 /PRNewswire/ — Lambda256, the blockchain arm of Korea’s main fintech agency Dunamu, introduced at this time it has secured $60 million (70 billion KRW) in a Sequence B spherical that values the corporate at over $300 million. The spherical was backed by main Korean enterprise capitals and buyers, together with Dunamu, Hanhwa Techniques, 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) area, the place it has helped over 3,300 company shoppers in constructing, deploying and managing blockchain networks at scale with its blockchain, Luniverse. New buyers 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 improvement unit of Upbit operator Dunamu, the corporate presents enterprise-grade chain constructed for companies, serving to innovators throughout industries navigate the subsequent wave of expertise with blockchain. It has most lately carried out its proprietary NFT expertise for Upbit NFT – geared toward offering an energy-efficient, greener various to NFTs, to creators with sustainability top-of-mind. In August 2021, the corporate has additionally launched VerifyVASP, a regulatory compliant resolution designed to make sure information integrity via full-scale compliance for VASPs and their prospects.
Since its integration, Luniverse has cemented its place as a standout chief in blockchain, changing into a trusted, regulated platform for over 3,300 establishments. Luniverse helps a various portfolio of options for enterprises throughout disciplines, together with 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 non-public shares, and Division Community, a metaverse platform.
“Blockchain’s efficacy in serving to corporations construct belief and transparency with prospects throughout ecosystems is now a foregone conclusion,” stated Jay Jaehyun Park, CEO of Lambda 256. “The newest spherical of investments is a testomony to the highly effective expertise we have constructed. With the funding, we’re on a transparent path to diversifying expertise swimming pools and accelerating our blockchain roadmap into numerous world ecosystems.”
Lambda256, subsidiary of Upbit operator Dunamu, launched in Might 2018 as a BaaS (Blockchain-as-a-Service) unit that provides a complete portfolio of blockchain options that addresses numerous challenges of blockchain adoption.
As the worldwide industry-leading BaaS supplier, Lambda256 has labored with over 3,300 company shoppers in constructing, deploying and managing blockchain networks at scale with Luniverse, its hallmark platform. The corporate additionally serves as a expertise associate for VerifyVASP, a Singapore-based FATF journey rule resolution supplier designed to make sure information integrity via full-scale compliance for VASPs and their prospects. Find out how Luniverse has helped corporations unlock the worth of blockchain at www.luniverse.io.
About Dunamu Inc.:
Based in Seoul, Korea in April 2012, Dunamu Inc. is among the nation’s main fintech corporations. Centered on combining conventional monetary companies with leading edge expertise, Dunamu operates Upbit, the digital asset alternate with world-class blockchain expertise, regulatory experience, and operational know-how. Dunamu additionally operates Korea’s prime inventory buying and selling platform, Stockplus, and offers advertising companies and IT infrastructure improvement for monetary companies via its subsidiaries.
For additional info: Nicole Kim, Enterprise Improvement & Technique- NFTs, firstname.lastname@example.org
View authentic content material:https://www.prnewswire.com/news-releases/upbitdunamus-blockchain-firm-lambda256-raises-60m-in-series-b-funding-301445995.html