Kinetex, a Dubai, UAE-based provider of a decentralized platform for cross-chain trading, raised an undisclosed amount in funding.
The round was led by Factor and Gnosis Chain.
The company intends to use the funds to refine its trading approach to transferring liquidity between networks that eliminates the need to store assets in pools and leverages zero-knowledge (ZK) technology to achieve validation without relying on third parties.
Led by Tigran Bolshoi and Mike Shishko, Kinetex is a blockchain technology company that aims to empower cross-chain trading. It is in the final stages of testing the Flash Trade mode, before launching on Gnosis Chain by the end of the year. This mode will implement Kinetex’s new resolving-based approach to cross-chain trading.
FinSMEs
15/11/2023