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Crypto Startup Terraform Labs Snags $25 Million From Galaxy Digital, Pantera Capital, And Coinbase Ventures
Summary: Singapore-based crypto startup Terraform Labs has raised $25 million in new round funding with Galaxy Digital co-led, Pantera Capital, Coinbase Ventures participated, as reported by Bloomberg. The new funds, along with the previous $100 million, will be used to expand to Taiwan and Thailand and develop new services, Do Kwon, co-founder, and CEO of Terraform stated. ...
Singapore-based crypto startup Terraform Labs has raised $25 million in new round funding with Galaxy Digital co-led, Pantera Capital, Coinbase Ventures participated, as reported by Bloomberg.
The new funds, along with the previous $100 million, will be used to expand to Taiwan and Thailand and develop new services, Do Kwon, co-founder, and CEO of Terraform stated.
Terraform Labs' digital ledger-based wallet payment technology can shorten the settlement time from a few days to about six seconds. Its number of users has reached 2.2 million, and nearly 90,000 daily transactions have been executed recently.
By Mary Liu
Tags: Coinbase Ventures,Do Kwon,Fund,Galaxy Digital,Pantera Capital,Terraform Labs
Link: Crypto Startup Terraform Labs Snags $25 Million From Galaxy Digital, Pantera Capital, And Coinbase Ventures [Copy]
