Qredo, an infrastructure and suite of decentralized digital asset management products, announces $ 11 million in fundraising led by a diverse group of investors, including G1 , Gumi Cryptos, Maven 11, Spartan Group, 1kx and Kenetic.
“The next generation of DeFi players will be comprised of institutions that actively seek ways to enter the cryptocurrency market securely and in compliance, without sacrificing their ability to respond to economic opportunities,” said Anthony Foy, CEO of Qredo.
Qredo operates a new blockchain protocol allowing users to access cryptocurrencies on level 1 blockchains, such as Bitcoin and Ethereum, on a level 2 network. This innovation allows users to securely participate in new innovations DeFi, such as access to cross-chain liquidity mutual funds, trading in collateralized derivatives and executing atomic cross-chain swaps.
This funding will contribute to the next stage of Qredo’s growth, including the doubling of its R&D team and the arrival of new world-class talent at the executive level, as well as the planned launch of version 2 of Qredo. With version 2, Qredo will progress towards achieving its goal of transitioning to a Decentralized Autonomous Organization (DAO). Qredo version 1 mainnet is now live and the company operates 24 nodes in 6 Tier 4 data centers: Tokyo, Hong Kong, Singapore, New York, Chicago and London. The success of version 1 allowed Qredo to build, test and operate, before moving to version 2 of decentralization. Version 2 validators can earn QRDO governance tokens as an incentive, through a revenue sharing mechanism within the network.
“We look forward to seeing Qredo improve the speed, security and compliance of DeFi and provide a new way for institutions to interact with cryptocurrency under conditions they are familiar with,” said Alex Mashinsky, investor and CEO of Celsius Network.
Investors include: stream Ventures, Artus, Borderless Capital, Celsius, CMS Holdings, Connect.Capital, Derib, G1, GSR, Gumi Cryptos, Kenetic, Kronos, Maven 11, 1kx, Quantstamp, Q-Stone Partners, Spartan Group, SVK Crypto, Tokentus, 3commas, Wintermute, Yellow et Zhou Holdings.
The text of the press release resulting from a translation should in no way be considered official. The only authentic version of the press release is that of the press release in its original language. The translation will always have to be compared to the source text, which will set a precedent.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210506005309/fr/
–
:quality(80)/cdn-kiosk-api.telegraaf.nl/e3a78b32-ae75-11eb-8b1f-0255c322e81b.jpg "Truck driver robbed after help in an accident on the highway: ‘That people are capable of such a thing …’ | Inland")
