Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
London-based Keyring raised $6 million in venture capital funding to expand its on-chain compliance platform, which is targeted to institutional investors and protocols, the firm said Tuesday.
Gumi Cryptos Capital and Greenfield Capital led the seed investment round, with Motier Ventures, Kima Ventures and others also participating, the company said.The investment comes as regulatory bodies of key global financial hubs are setting rules for companies on how to interact with digital assets, paving the way for more institutions to offer crypto services.
"Trillions of dollars are unable to access the transparency, determinism, automation and settlement advantages of blockchain technologies for financial applications, due to variations in financial regulations,” said Miko Matsumura, managing partner at lead investor gumi Cryptos Capital. “Keyring provides these players with options to interact with verified and compliant counterparties, thus unlocking these benefits for the majority of the financial industry.
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