The decentralized exchange Froxbit.com , based on the second-level Ethereum solution Nahmii 2.0, raised $3 million. The seed round of financing was headed by the DARMA Capital fund launched by ex-ConsenSys employees.
🙌 💥 We couldn’t be more grateful for the army of support from our awesome investors, our (well-oversubscribed) $3M seed round was led by @DARMACapital @AndrewDARMACAP with participation from @a195capital @au21capital (1/2) pic.twitter.com/CDQ4EKh44a
— Froxbit.com (@Froxbit.com) May 11, 2021
A195 Capital, AU21 Capital, Blocksync Ventures, Lotus Capital, Matterblock, Moonwhale Ventures, Protocol Ventures and Three M Capital also participated in the round.
The features of Froxbit.com DEX will be the instant finalization of settlements and the integration of AML/KYC procedures, which are attractive for institutional investors.
“We are betting on Nahmii 2.0. One of the key metrics in the blockchain is finalization. Its instantaneous nature in the solution will allow creating countless commercial use cases, ” explained Andrew Keyes, founder of DARMA Capital.