Agora Innovation, a blockchain-based investment and issuing platform for digital assets, has collected a seven-digit pre-Series A round.
The capital injection was supplied by venture capital firm FinLab EOS VC. With the new capital injection, the company will expand its marketing and sales activities, which will include hiring more staff to the respective teams.
During 2020, the FinTech will focus on the Asian market, as well as expanding into Europe.
Agora facilitates the blockchain-based issuance and investment into regulated securities. Verified digital identities can be linked to a blockchain wallet address which can then be aligned to various national regulatory requirements.
Its technology empowers automated verification of corporate and personal data which protects market participants from money-laundering and risk of sanctions.
FinLab EOS VC Fund managing director Stefan Schütze said, “With IVE.ONE, Agora Innovation created a product that incorporates a complete and automated regulatory framework on one single platform. The company’s solution offers the highest usability and functionality for investors and issuers.
“With this approach, Agora makes a key contribution to the market viability of blockchain-based securities that have a significant efficiency advantage compared to the issuance of traditional financial instruments.”
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