Cointime

Download App
iOS & Android

Thailand-based SCB 10X Has Pumped $10 Million into The Crypto Custody Platform RakkaR Digital

Thailand-based SCB 10X, the corporate venture capital arm of the SCBX Group, has pumped $10 million into the crypto custody platform RakkaR Digital in a seed funding round.Fireblocks assisted the TRX and all TRC20-based tokens of the TRON DAO blockchain, as TheCoinRise reported.RakkaR will also introduce its own mobile application next year.

RakkaR’s platform is powered by Fireblocks and is designed to serve institutions in Southeast Asia.Fireblocks assisted the TRX and all TRC20-based tokens of the TRON DAO blockchain, as TheCoinRise reported.

Comments

All Comments

Recommended for you

  • Layer1 public chain Berachain completes $100 million Series B financing, led by Framework Ventures and others

    Layer1 public chain Berachain has completed a $100 million Series B financing round, jointly led by Brevan Howard Digital's Abu Dhabi branch and Framework Ventures, with other participants including Polychain Capital, Hack VC, and Tribe Capital. Investors supported Berachain through a simple agreement for future tokens ("SAFT").
  • AO Ventures invests $35 million in Arweave development

    Tate Berenbaum previously raised $30 million for the cryptocurrency startup Community Labs. He has now launched AO Ventures, a 10-week incubator program aimed at promoting the development of Arweave and AO. According to its website, "over $35 million has been invested in the investment pool. The program will launch in April and end on Demo Day in June." AO is described on the Community Labs website as a "super parallel computer" that aims to "combine the benefits of minimizing trust with speed and traditional computing environments." The Arweave website states that the network is used for "permanent information storage."
  • DePIN project Uplink completes $10 million financing, led by Framework Ventures

    DePIN project Uplink announced the completion of a $10 million financing round, led by Framework Ventures.It is reported that Uplink provides decentralized network connectivity aimed at creating better infrastructure for distributed and user-operated networks. The company says its idea is to reduce reliance on traditional centralized telecom providers. Users and businesses will be able to earn tokens as rewards by contributing to or using the network.
  • Blockchain recruitment company Veremark raises $3 million, led by Samaipata and Stage 2 Capital

    London blockchain recruitment and background check service company Veremark announced the completion of a $3 million (£2.4 million) financing, with Samaipata and Stage 2 Capital leading the investment, and ACF Investors and Vulpes Investment participating.
  • AI company Mindverse completes $5 million seed round of financing, led by SquarePeg

    Singaporean AI company Mindverse completed a $5 million seed round of financing, led by SquarePeg. Mindverse will use the funds from this round of financing to further research and product development, in order to advance its large-scale personalized models. Mindverse was founded in 2022 by former Meta executives and AI researchers. Its flagship products include MindOS Studio and Mebot, with the former helping to create AI-native websites with personalized chat experiences and interfaces, and the latter being a productivity tool that learns and remembers user ideas and preferences.
  • BAYC-based Web3 game project BORED SLOT completes $10 million in financing, with participation from LD Capital and others

    BORED SLOT, a Web3 game project based on BAYC, announced the completion of a $10 million financing round with participation from LD Capital and PLUTUS VC. Valuation information has not been disclosed yet.
  • Decentralized GPU infrastructure startup GPU.net completes $5.25 million Series A financing, with participation from Spicy Capital and others

    Decentralized GPU infrastructure startup GPU.net announced the completion of a $5.25 million Series A financing round, with participation from Momentum 6, Spicy Capital, Exnetwork Capital, BlackDragon, Crypto Banter, as well as angel investors Alex Becker and EllioTrader. The specific valuation information has not been disclosed. GPU.Net currently provides support for next-generation generative AI, Web3 metaverse, high-end graphics rendering, and cryptocurrency mining, with the goal of becoming a generative processing unit that initially supports multi-functional GPU tasks such as 3D, AI, and research and ultimately transforms into a fully decentralized universal unit network.
  • Bitcoin L2 developer Alpen Labs completes $10.6 million seed round, led by Ribbit Capital

    Bitcoin L2 developer Alpen Labs has completed a $10.6 million seed round of financing, led by Ribbit Capital, with participation from Castle Island Ventures, Robot Ventures, and Axiom Capital.Alpen Labs is seeking to extend the world's largest cryptocurrency blockchain through zero-knowledge proof, and spent a lot of time last year developing Bitcoin Rollup infrastructure to introduce smart contract functionality to the network.
  • Bitcoin mining company Auradine completes $80 million Series B financing

    Bitcoin mining firm Auradine announced the completion of an $80 million Series B financing round, with participation from StepStone Group, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Celesta Capital, Mayfield Fund, and Marathon Digital.
  • AI data labeling company Sapien raises $5 million in seed funding

    Artificial intelligence data tagging company Sapien raised $5 million in seed funding. Investors in this round of financing include Primitive Ventures, Animoca, Ravikant Capital, and Yield Guild Games. Sapien will use this funding to enhance its artificial intelligence to better guide and assist its data tagging. This funding will also be used to expand Sapien's blockchain infrastructure to establish its artificial labeling team.