A $6 million fundraising round was secured by Keyring Network, a UK-based startup located in London that offers financial sector companies permissioning solutions.
Gumi Cryptos Capital and Greenfield Capital led the round, with participation from angel investors, Motier Ventures, Kima Ventures, and early backers UDHC Finance and Eberg Capital.
The money will be used by the company to grow both its operations and its clientele.
Powered by zero-knowledge privacy and set to launch in 2022, Keyring gives financial service providers the permissioning capabilities they need to conduct compliant transactions on-chain.
This enables financial institutions to selectively connect with compliant counterparts. Zero-knowledge (ZK) technology powers the solution, guaranteeing institutional-grade security and privacy for sensitive data.
Singularity, Angle Protocol, Backed, and FeverTokens are a few recent examples of strategic alliances.
