Blockchain research and technology company Four Pillars held a press briefing in Seoul's Gangnam district on April 27 and said it raised Series A funding from global investors Pantera Capital and Further Ventures.

The investment round was led by Pantera Capital, a crypto-focused investment firm for institutional clients. Four Pillars said the round valued the company at about 30 billion won on a post-money basis.

Kim Nam-woong (김남웅), CEO of Four Pillars, said the fundraising went beyond simple capital raising and reflected data-driven trust built in global markets over the past three years translating into business scalability. He said it was meaningful to announce a new leap as a comprehensive blockchain solutions partner at Episode Gangnam, a symbolic place where the co-founders gathered to plan their first journey before the company was established.

Four Pillars will carry out a rebranding as a "Web3 Solution Company" based on the investment. It will focus on three areas: bridging Asia and global markets, translating to resolve the disconnect between traditional finance and the Web3 market, and expanding into a solutions company beyond research. It plans to expand its business around three pillars: global-level research, advisory and seminars for companies and institutions, and operation of institutional-grade validator infrastructure based on engineers with backgrounds at A41 and Lambda256.

The company said it will strengthen its role as an infrastructure partner that promotes and designs practical points of collaboration between traditional finance and Web3. It aims to help institutions integrate Web3 infrastructure into real financial services in response to moves to legalise won-denominated stablecoins and institutionalise the tokenised securities market for issuing and distributing tokens on blockchain for traditional assets such as real estate, bonds and funds.

Jung Jae-hwan (정재환), head of validator at Four Pillars, said research had been a process to prove capabilities rather than an end in itself. He said as the crypto market enters a stage where what it produces matters, the company will grow into one that creates practical value in global markets by organically linking research, institutions and infrastructure.