- 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 right this moment it has secured $60 million (70 billion KRW) in a Sequence B spherical that values the corporate at over $300 million. The spherical was backed by main Korean enterprise capitals and buyers, together with Dunamu, Hanhwa Techniques, Chong Kun Dang, Yanolja, Daelim, VTI Companions, DSC Investments, Shinhan Enterprise Capital, KB Investments and SBI Investments.
The corporate will use the newest spherical of funding to amplify its efforts to additional its enlargement within the Blockchain-as-a-Service (BaaS) area, the place it has helped over 3,300 company purchasers in constructing, deploying and managing blockchain networks at scale with its blockchain, Luniverse. New buyers Daelim, Shinhan Enterprise Capital, KB Investments and SBI Investments are purchasers and companions for a key set of options: DID, a blockchain-based digital id 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 provides enterprise-grade chain constructed for companies, serving to innovators throughout industries navigate the following wave of expertise with blockchain. It has most lately carried out its proprietary NFT expertise for Upbit NFT – aimed toward offering an energy-efficient, greener various to NFTs, to creators with sustainability top-of-mind. In August 2021, the corporate has additionally launched VerifyVASP, a regulatory compliant resolution designed to make sure knowledge integrity by means of full-scale compliance for VASPs and their prospects.
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) mission, 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 prospects 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 expertise we have constructed. With the funding, we’re on a transparent path to diversifying expertise swimming pools and accelerating our blockchain roadmap into varied international ecosystems.”
About Lambda256
Lambda256, subsidiary of Upbit operator Dunamu, launched in Could 2018 as a BaaS (Blockchain-as-a-Service) unit that gives a complete portfolio of blockchain options that addresses varied 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 expertise accomplice for VerifyVASP, a Singapore-based FATF journey rule resolution supplier designed to make sure knowledge integrity by means of full-scale compliance for VASPs and their prospects. 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 without doubt one of the nation’s main fintech corporations. Targeted on combining conventional monetary companies with leading edge expertise, Dunamu operates Upbit, the digital asset trade with world-class blockchain expertise, regulatory experience, and operational know-how. Dunamu additionally operates Korea’s high inventory buying and selling platform, Stockplus, and gives advertising and marketing companies and IT infrastructure improvement for monetary corporations by means of its subsidiaries.
For additional info: Nicole Kim, Enterprise Improvement & Technique- NFTs, nicole@lambda256.io
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SOURCE Lambda256
