E Money Raises 3.3M in Bridge Round, Led by Animoca Brands
The round was led by Animoca Brands, and participants included Blockchain Founders Fund, GBV Capital, KuCoin, Banter Capital, and others.
We are glad to be part of E Money Network’s bridge round, where the team raised $3.3M to develop the first regulated RWA protocol.
The round was led by Animoca Brands, and participants included Blockchain Founders Fund, GBV Capital, KuCoin, Banter Capital, and others.
As MiCA regulations become more prominent in the EU, solutions like E-Money are crucial to offering RWA projects a secure and compliant environment. The team has incorporated KYC and AML features and facilitated the issuance of MiCA-compliant e-money.
E Money recently launched its testnet, processing up to 1K transactions per second. They also started a grant program for developers building on its network.
Up next, the project aims to expand the scope of RWA use cases within its ecosystem and launch its beta mainnet
Learn more: ➡️ here
About E Money Network
E-Money Network is the world’s FIRST MiCA Compliant Modular blockchain. It serves as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenization, effectively establishing a network that bridges the liquidity divide between Web 2.0 and Web 3.0
About Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by CEO Danilo S. Carlucci. The firm is active in token and equity investments and has a particularly strong focus on the MultiversX ecosystem.
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