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​Crypto Startup Terraform Labs Snags $25 Million From Galaxy Digital, Pantera Capital, And Coinbase Ventures

Mary Liu

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

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