Search results for Galaxy Ventures
Crypto
Boundary raises $2 million pre-seed, prepares institutional stablecoin USBD
Boundary Labs has raised $2 million in a pre-seed round and is accelerating preparations to launch its institutional stablecoin, USBD. The Block reported that Galaxy Ventures led the round, with participation from First Block Capital and Blackwood, among others. The company is designing USBD to enable continuous on-chain verification of reserves, net asset value and protocol performance. It also plans a dedicated app with KYC and business verification.
Crypto
TRM Labs reaches $1 billion valuation after $70 million Series C round
Blockchain intelligence platform TRM Labs has completed a $70 million Series C funding round, reaching a $1 billion valuation, Cointelegraph reported on Feb. 4. Investors included Blockchain Capital, Goldman Sachs, Bessemer Venture Partners, Brevan Howard Digital, Citi Ventures and Galaxy Ventures. TRM Labs develops AI solutions for public and private institutions to respond to cybercrime, focusing on blocking automated illicit activity. It plans to use the funds to hire more researchers and specialists and enhance AI-led investigations.
Crypto
Bitcoin layer2 Citrea launches mainnet, also releases stablecoin
Zero-knowledge-based Bitcoin layer2 Citrea launched its mainnet on Jan. 28, it said. The launch allows users to access services using various on-chain assets on the Bitcoin network. Citrea said it will focus on implementing core technologies including Bitcoin-based collateral use and structured asset services. It also released the ctUSD stablecoin to support swaps in its ecosystem, backed 100 percent by short-term U.S. Treasuries and cash and issued with MoonPay.
