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Crypto

Alabama legalises DUNA nonprofit structure similar to DAOs, allows smart contract operations

Alabama has granted legal status to a nonprofit organisational structure similar to a decentralised autonomous organisation, or DAO. Governor Kay Ivey (케이 아이비) signed SB 277, the Decentralized Unincorporated Nonprofit Association Law. The bill defines a Decentralized Unincorporated Nonprofit Association, or DUNA, and sets a framework allowing such groups to operate and govern using blockchain technology and smart contracts.

AI & Enterprise

Corporate ID verification startup Duna raises 30 million euros

Duna, a corporate identity (ID) verification startup founded by former Stripe employees, has raised 30 million euros in a Series A funding round, TechCrunch reported on Feb. 4 local time. Alphabet growth fund CapitalG led the round, joined by senior executives from Stripe and Adyen as angel investors. Duna offers tools that help fintech firms onboard corporate clients more efficiently and aims to build global trust infrastructure to reuse verification data across platforms.