Tier 1 investment giant republic becomes first investor in Astra Protocol’s $100M Series A round

06/01 07:12

According to DigitalJournal, Leading Tier 1 crypto investment giant Republic will be the first investor in Astra Protocol‘s current $100 million Series A funding round. Astra Protocol, the leading global decentralized compliance solution for the growing Web3 economy, is fresh off a successful raise held in December in which it raised $9 million from a range of top-tier investors. Republic was a lead investor in that fundraise and is now returning to join Astra’s Series A round, which values the firm at $500 million. Astra Protocol is raising $100 million to deliver a compliant blockchain for Web3. Astra Network will become the largest network in the industry by creating the next iteration of decentralization through the convergence of Web3.0 and traditional financial ecosystems. The entire network is explicitly designed to be a fully KYC compliant decentralized blockchain ecosystem, where every network participant is validated as a prerequisite to onboarding.

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