- Lambda256 is a blockchain unit of Dunamu, the operator of Upbit – one of many world’s largest cryptocurrency exchanges by quantity.
SEOUL, South Korea, Dec. 15, 2021 /PRNewswire/ — Lambda256, the blockchain arm of Korea’s main fintech agency Dunamu, introduced at present it has secured $60 million (70 billion KRW) in a Collection B spherical that values the corporate at over $300 million. The spherical was backed by main Korean enterprise capitals and traders, together with Dunamu, Hanhwa Methods, Chong Kun Dang, Yanolja, Daelim, VTI Companions, DSC Investments, Shinhan Enterprise Capital, KB Investments and SBI Investments.
The corporate will use the most recent spherical of funding to amplify its efforts to additional its growth within the Blockchain-as-a-Service (BaaS) enviornment, the place it has helped over 3,300 company purchasers in constructing, deploying and managing blockchain networks at scale with its blockchain, Luniverse. New traders Daelim, Shinhan Enterprise Capital, KB Investments and SBI Investments are purchasers and companions for a key set of options: DID, a blockchain-based digital identification administration system, Luniverse NFTs, a system for managing and minting NFTs, and Luniverse’s blockchain consortium chain.
Based in Could 2018 as a blockchain analysis and improvement unit of Upbit operator Dunamu, the corporate gives enterprise-grade chain constructed for companies, serving to innovators throughout industries navigate the subsequent wave of know-how with blockchain. It has most not too long ago applied its proprietary NFT know-how for Upbit NFT – geared toward offering an energy-efficient, greener different to NFTs, to creators with sustainability top-of-mind. In August 2021, the corporate has additionally launched VerifyVASP, a regulatory compliant answer designed to make sure information integrity by means of full-scale compliance for VASPs and their clients.
Since its integration, Luniverse has cemented its place as a standout chief in blockchain, turning into a trusted, regulated platform for over 3,300 establishments. Luniverse helps a various portfolio of options for enterprises throughout disciplines, together with Indonesian Rupiah-based stablecoin (IDRT) challenge, Gluwa, a borderless monetary platform, Milk, a blockchain-based loyalty rewards program, Stockplus Unlisted, Dunamu’s platform for buying and selling non-public shares, and Division Community, a metaverse platform.
“Blockchain’s efficacy in serving to corporations construct belief and transparency with clients throughout ecosystems is now a foregone conclusion,” stated Jay Jaehyun Park, CEO of Lambda 256. “The most recent spherical of investments is a testomony to the highly effective know-how we have constructed. With the funding, we’re on a transparent path to diversifying expertise swimming pools and accelerating our blockchain roadmap into numerous world ecosystems.”
About Lambda256
Lambda256, subsidiary of Upbit operator Dunamu, launched in Could 2018 as a BaaS (Blockchain-as-a-Service) unit that provides a complete portfolio of blockchain options that addresses numerous challenges of blockchain adoption.
As the worldwide industry-leading BaaS supplier, Lambda256 has labored with over 3,300 company purchasers in constructing, deploying and managing blockchain networks at scale with Luniverse, its hallmark platform. The corporate additionally serves as a know-how companion for VerifyVASP, a Singapore-based FATF journey rule answer supplier designed to make sure information integrity by means of full-scale compliance for VASPs and their clients. Find out how Luniverse has helped corporations unlock the worth of blockchain at www.luniverse.io.
About Dunamu Inc.:
Based in Seoul, Korea in April 2012, Dunamu Inc. is among the nation’s main fintech corporations. Targeted on combining conventional monetary companies with leading edge know-how, Dunamu operates Upbit, the digital asset trade with world-class blockchain know-how, regulatory experience, and operational know-how. Dunamu additionally operates Korea’s high inventory buying and selling platform, Stockplus, and offers advertising and marketing companies and IT infrastructure improvement for monetary companies by means of its subsidiaries.
For additional info: Nicole Kim, Enterprise Growth & Technique- NFTs, nicole@lambda256.io
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SOURCE Lambda256
