MegaLabs secures $20 million seed funding for ‘real-time’ Ethereum scaling protocol

MegaLabs secures $20 million seed funding for "real-time" Ethereum scaling protocol

MegaLabs, the primary development team behind a novel Ethereum scaling protocol designed for unprecedented speed, has raised $20 million in seed funding.

CoinDesk reported that the recent round, led by Dragonfly Capital, attracted diverse investors, including Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holding, and Tangent. The investment also garnered support from notable figures such as Ethereum co-founder Vitalik Buterin, Consensys CEO Joseph Lubin, EigenLayer...

£11.4m blockchain initiative set for 2024 launch in South Korea

South Korea launches comprehensive blockchain support initiative

The South Korean government has invested 20 billion Won (£11.4 million) in developing local blockchain expertise to reinforce its position in the blockchain industry.

Led by the ministry of science and ICT and the Korea Internet & Security Agency (KISA), the project is focused on refining and expanding blockchain services for both public and private uses.

The public sector is seeing significant advancements with the government's focus on six blockchain-enhanced...

Blockchain firm Ripple expands APAC presence with Japan and Korea fund

Blockchain firm Ripple expands APAC presence with Japan and Korea fund

Blockchain firm Ripple has launched a dedicated Japan and Korea fund, aimed at driving innovation and fostering growth on the XRP Ledger as it continues to expand its presence in the Asia-Pacific region.

The XRP Ledger is an open-source, public blockchain designed for corporate use, powering the XRP cryptocurrency. Ripple leverages blockchain technology and XRP to facilitate real-time, cross-border payments.

An official statement from Ripple claims that the funds will be...

Fidelity International tokenises money market fund on JPMorgan’s blockchain

Fidelity International tokenises money market fund on JPMorgan's blockchain

Fidelity International, a London-based fund management firm, has tokenised shares in a money market fund for the first time through JPMorgan's Ethereum-based private blockchain network, Onyx Digital Assets.

As reported by CoinDesk, tokenisation was completed in near real-time through the integration of the fund's transfer agent (JPMorgan's transfer agency business) with the Tokenised Collateral Network (TCN), an application that links collateral receivers and providers using...

Web3Firewall announces $2.5m pre-seed investment round

Web3Firewall has closed a $2.5m pre-seed investment round led by Laser Digital (Nomura’s digital asset subsidiary) gumi Cryptos Capital (gCC) and SPEILLLP, a member of Susquehanna International Group.

The company has developed an intelligence-driven risk and compliance platform specifically to meet the evolving challenges of companies engaged in blockchain technology and digital assets.

Web3Firewall was founded in 2023 by Dr. Samer Fayssal, who was previously CISO and...

Rightmove and major banks invest in Coadjute to ‘transform UK property market’

Lloyds Banking Group, Nationwide, NatWest and Rightmove have made a strategic investment in Coadjute, the London-based property technology business.

This is the first time that the UK’s three largest mortgage providers have come together to fund a PropTech.

Lloyds Banking Group, as lead investment partner, has invested £3 million as part of a £10 million funding round to support Coadjute’s long-term ambition to revolutionise the UK housing market and offer home...

Supply chain technology provider Finboot announces latest funding round

Finboot has completed the first close of its latest funding round to accelerate the next phase of its growth strategy – with a particular focus on enabling companies and their net-zero transition through technology.

This latest funding round has been led by a strategic investor together with Wealth Club. 

Finboot helps its customers and partners accelerate their digital transformation, and by doing so helps them realise value and build trust through leading edge...

University of Warwick receives £1.25 million to revolutionise AI and financial research

A collection of Sterling notes.

The University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five years.

Based in the Gillmore Centre for Financial Technology at Warwick Business School, the new Research Group will draw interdisciplinary scholars and thinkers from across the world to redefine and innovate the financial and property technology...

Ginger Joy raises £1 million for Web3 blockchain-based mobile gaming startup

Ginger Joy, the Web3 mobile gaming startup , has announced its most recent round of fundraising of £1 million. This capital will be used to develop mobile-native gaming ecosystems with blockchain-based interoperability.

Ginger Joy is a spin-off company of Matchingham Games, an established UK developer with nearly 500 million installations globally and over 120 staff members.

The new startup has been bolstered by a veteran management team from across the gaming sector,...

Circularise secures SAFE investment from SEKISUI CHEMICAL

Circularise, a blockchain platform for supply chain transparency and traceability, has formed a Simple Agreement for Future Equity (SAFE) with SEKISUI CHEMICAL, a specialist in the plastics manufacturing industry.

This strategic alliance, which involves an investment in Circularise by SEKISUI CHEMICAL, goes beyond financial support. SEKISUI CHEMICAL will enter a joint project with Circularise in a chemicals traceability project, introducing a digital product passport and testing...