Kinto Raises $5M for KYC'ed Layer 2 Blockchain Supporting Financial Institutions and Decentralized Protocols
Kinto, a blockchain provider based in Orlando, FL, has raised $5M in funding from two rounds. The pre-seed round, led by Kyber Capital Crypto, contributed $1.5M. The second round, led by Kyber Capital Crypto, Spartan Group, and Parafi, raised $3.5M. The funds will be used for team expansion and network development. Kinto is a KYC’ed Layer 2 blockchain that supports both traditional finance and DeFi, offering low-cost, secure, and insured apps with encrypted personal information.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial listing] Bitget to list Kiichain (KII)
New data display features added to the futures elite trader homepage
CFD profit share feature upgraded for safer earnings
New stock categories added to the market selection pop-up in the elite trade section
Crypto prices
More
