- 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 immediately 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 Programs, Chong Kun Dang, Yanolja, Daelim, VTI Companions, DSC Investments, Shinhan Enterprise Capital, KB Investments and SBI Investments.
The corporate will use the newest spherical of funding to amplify its efforts to additional its enlargement within the Blockchain-as-a-Service (BaaS) area, the place it has helped over 3,300 company purchasers 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 purchasers and companions for a key set of options: DID, a blockchain-based digital identification administration system, Luniverse NFTs, a system for managing and minting NFTs, and Luniverse’s blockchain consortium chain.
Based in Could 2018 as a blockchain analysis and growth unit of Upbit operator Dunamu, the corporate presents enterprise-grade chain constructed for companies, serving to innovators throughout industries navigate the following wave of expertise with blockchain. It has most just lately carried out its proprietary NFT expertise for Upbit NFT – geared toward offering an energy-efficient, greener different 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 by way of full-scale compliance for VASPs and their prospects.
Since its integration, Luniverse has cemented its place as a standout chief in blockchain, turning 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) undertaking, 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 international ecosystems.”
About Lambda256
Lambda256, subsidiary of Upbit operator Dunamu, launched in Could 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 purchasers 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 by way of full-scale compliance for VASPs and their prospects. Learn the way 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 without doubt one of the nation’s main fintech corporations. Centered on combining conventional monetary companies with innovative expertise, Dunamu operates Upbit, the digital asset trade with world-class blockchain expertise, regulatory experience, and operational know-how. Dunamu additionally operates Korea’s high inventory buying and selling platform, Stockplus, and gives advertising and marketing companies and IT infrastructure growth for monetary corporations by way of its subsidiaries.
For additional data: Nicole Kim, Enterprise Improvement & Technique- NFTs, nicole@lambda256.io
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SOURCE Lambda256
