Yesterday blockchain startup Singularity announced it raised a $2.2 million funding round led by Gumi Cryptos Capital, bringing total funds raised to $4 million. Nomura’s digital asset arm Laser Digital was a new investor alongside Eureka partners.
Singularity aims to provide a compliant institutional access layer to decentralized finance (DeFi). This combines know your customer (KYC) compliance with on-chain anonymity by using zero knowledge proofs.
Institutions don’t usually like others to be able to see what they are up to. Hence the desire for anonymity.
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