Lambda256, Upbit / Dunamu’s Blockchain Company, Raises $ 60 Million in Series B Funding

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  • Lambda256 is a blockchain unit of Dunamu, the operator of Upbit – one of the world’s largest cryptocurrency exchanges by volume.

SEOUL, South Korea, Dec. 15, 2021 / PRNewswire / – Lambda256, the blockchain arm of leading Korean fintech company Dunamu, today announced that it has secured $ 60 million (70 billion KRW) in a Series B round that values ​​the company to more $ 300 million. The cycle was supported by leading Korean venture capitalists and investors, including Dunamu, Hanhwa Systems, Chong Kun Dang, Yanolja, Daelim, VTI Partners, DSC Investments, Shinhan Venture Capital, KB Investments and SBI Investments.

The company will use the latest round of funding to amplify its efforts to continue its expansion in Blockchain-as-a-Service (BaaS), where it has helped more than 3,300 corporate clients build, deploy and manage blockchain networks at large scale with its blockchain, Luniverse. New investors Daelim, Shinhan Venture Capital, KB Investments and SBI Investments are clients and partners of a key set of solutions: DID, a blockchain-based digital identity management system, Luniverse NFTs, a management and hits NFT, and the Luniverse chain blockchain consortium.

Founded in May 2018 As the blockchain research and development unit of operator Upbit Dunamu, the company offers an enterprise-level chain designed for businesses, helping innovators across industries navigate the next wave of blockchain technology. He recently implemented his proprietary NFT technology for Upbit NFT – aiming to provide an energy efficient and greener alternative to NFTs, to creators concerned with sustainability. In August 2021, the company also launched VerifyVASP, a regulatory-compliant solution designed to ensure data integrity through large-scale compliance for VASPs and their customers.

Since its integration, Luniverse has consolidated its position as a peerless blockchain leader, becoming a trusted and regulated platform for more than 3,300 institutions. Luniverse supports a diverse portfolio of solutions for businesses across all disciplines, including the Indonesian Rupiah Based Stable Currency Project (IDRT), Gluwa, a borderless financial platform, Milk, a rewards program from blockchain-based loyalty, Stockplus Unlisted, Dunamu’s platform for private equity trading, and Division Network, a metaverse platform.

“The effectiveness of blockchain in helping businesses build trust and transparency with customers across ecosystems is now a foregone conclusion,” said Jay Jaehyun Park, CEO of Lambda 256. “The latest round of investments is a testament to the powerful technology we’ve built. With the funding, we are on track to diversify talent pools and accelerate our blockchain roadmap across various global ecosystems. “

About Lambda256

Lambda256, a subsidiary of the operator Upbit Dunamu, launched in May 2018 as a BaaS (Blockchain-as-a-Service) unit that offers a comprehensive portfolio of blockchain solutions that address the various challenges of blockchain adoption.

As the world’s leading provider of BaaS, Lambda256 has worked with more than 3,300 corporate clients in building, deploying and managing large-scale blockchain networks with Luniverse, its flagship platform. The company also serves as a technology partner for VerifyVASP, a SingaporeFATF-based travel rules solution provider designed to ensure data integrity through wide-scale compliance for VASPs and their customers. Find out how Luniverse has helped businesses unlock the value of blockchain at www.luniverse.io.

About Dunamu Inc .:

Founded in Seoul, Korea in april 2012, Dunamu Inc. is one of the country’s leading financial technology companies. Focused on the combination of traditional financial services and cutting edge technology, Dunamu operates Upbit, the digital asset exchange with world-class blockchain technology, regulatory expertise and know-how. operational. Dunamu also operates Korea’s leading equity trading platform, Stockplus, and provides marketing and IT infrastructure development services for financial companies through its subsidiaries.

For more information: Nicole kim, Business Development & Strategy- NFTs, [email protected]

SOURCE Lambda256

Related links

https://luniverse.io/

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