Singularity, a Denver, CO-based provider of a compliant institutional DeFi access layer, raised $2.2M in funding.
The round, which brought the total amount to US$4M, was led by Gumi Cryptos Capital. Laser Digital, Eureka Partners, and previous round investors including Apollo Crypto, Digital Asset Capital Management, and Gandel Invest also participated.
The company intends to use the funds to support the development of its protocol, aimed at facilitating compliant access to DeFi as well as ensuring commercial confidentiality for all on-chain activities, with an emphasis on institutional users.
Led by Jemma Xu, Singularity is developing a KYC/KYB-compliant institutional DeFi access layer, which provides an access to protocols for on-chain institutional participants while prioritizing commercial confidentiality. Users can access existing on-chain liquidity and conduct transactions within it, all while benefiting from on-chain anonymity by utilizing advanced zero-knowledge technology.
FinSMEs
22/02/2024